China to hold second shale gas auction in July – media | CHINA US Focus
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China to hold second shale gas auction in July – media

Judy Hua and Chen Aizhu, Reuters
June 29, 2012
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China is expected to hold its second shale gas auction in July, with private investors allowed to bid for the first time, local media said on Friday.
 
More than 70 companies have expressed interest in participating in the shale gas tender, a third of which are private enterprises, local media quoted Zhang Dawei, head of oil and gas strategy centre of the Ministry of Land and Resources, as saying.
 
Foreign firms will be excluded from the auction, the ministry has said.
 
The ministry could not immediately comment on the news when contacted by Reuters.
 
Read Full Article HERE

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