China Joining U.S. Shale Renaissance With $40 Billion

China Joining U.S. Shale Renaissance With $40 Billion

Imaginechina

A liquified natural gas (LNG) container and pipes are pictured in the LNG terminal of China National Petroleum Corp. at Yangkou Port in Nantong city, Jiangsu province. China National Petroleum plans to double overseas production to 200 million tons a year, or 4 million barrels a day, by 2015.