Shell Plans At Least $1 Billion a Year China Shale Gas Investment
Royal Dutch Shell (RDSa.L) plans to spend at least $1 billion a year exploiting China’s potentially vast resources of shale gas, the firm’s top China executive said, part of an aggressive strategy to expand in the world’s biggest energy market.
Shell in March secured China’s first product sharing contract for shale gas, hoping that getting in early will allow it to be a big beneficiary from the sort of boom in shale that has transformed the U.S. energy market.
Asked if the firm remained committed to a plan to invest $1 billion a year in China’s shale gas over the coming few years, Lim Haw Kuang, Shell’s top China executive, said in an interview: “Yes, yes and yes.”
Hey there! This is kind of off topic but I need some guidance from an established blog.
Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any ideas or suggestions? Cheers