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China Auctions First Four Shale-Gas Blocks, Xinhua Reports

China offered its first four shale-gas blocks to domestic developers in an auction yesterday, the official Xinhua News Agency reported, without citing anyone.

Companies including PetroChina Co., China Petroleum & Chemical Corp., Cnooc Ltd., Shaanxi Yanchang Petroleum Group Co., China United Coalbed Methane Co. and Henan Provincial Coal Seam Gas Development and Utilization Co. placed bids for the blocks in Guizhou and Chongqing, in the southwest of the country, Xinhua reported.