Shell boosts funding in China

Written by  John McKay
Thursday, 22 November 2012
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Nov 22 (LNGJ) - Royal Dutch Shell said it planned to invest $1 billion a year in its upstream businesses in China, a move based on the country's surging natural gas consumption.  Among several projects, and in cooperation with Sinopec, Shell is developing two shale-gas blocks, Jinqiu and Fushun-Yongchuan in Sichuan province, an area in the country found so far to have the largest shale reserves.

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