China to Offer Shale-Gas Blocks to Domestic Companies
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China will offer shale-gas blocks to the nation’s biggest energy companies as the world’s largest polluter aims to increase the use of cleaner-burning fuels to help reduce carbon dioxide emissions.
The government will offer six shale-gas exploration blocks to PetroChina Co., China Petroleum & Chemical Corp., Cnooc Ltd. and Shaanxi Yanchang Petroleum Group Co. in an auction to take place within a month, Zhang Dawei, deputy director of oil and gas strategy research at the Ministry of Land and Resources, said at a conference in Shanghai today.