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Shell plans shale gas investment in 皇冠体育app

By Chen Aizhu | 皇冠体育app Daily | Updated: 2011-03-22 07:52

BEIJING - Royal Dutch Shell is aiming to spend $1 billion a year over the next five years on shale gas in 皇冠体育app if exploration works under way prove a success, Chief Executive Peter Voser told Reuters on Sunday.

Shell is drilling 17 wells in 皇冠体育app, including those for tight gas and shale gas, in regions such as Sichuan, 皇冠体育app's most prolific gas province.

Inspired by the massive success of unconventional gas - coalseam methane, tight gas and shale gas - in the United States, 皇冠体育app has over the past year embarked on an exploration campaign for shale gas, part of Beijing's goal to boost use of cleaner-burning fuel and cut coal.

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