Sinopec Wins First Shale Gas Tender in China

China has awarded two out of four shale gas blocks offered in its first auction of the unconventional gas resource to China Petroleum & Chemical Corp (Sinopec) and a provincial coal seam gas company, a central government official said on Wednesday.

"Both blocks are in the Chongqing area. The contracts will be signed shortly," an official with the Ministry of Land and Resources told Reuters.

Sinopec won the Nanchuan block and Henan Provincial Coal Gas Development and Utilisation Co was awarded the Xiushan block, said the official, without elaborating.

The two blocks, near Chongqing, each cover an area of about 2,000 square kilometers.

Copyright 2011, China Daily. All rights reserved.

Back