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China Gas Information
War is not over yet, subordinate to energy, before afterwards "dig sand", and the oil sights on Canada's shale gas resources.
February 3,, the Chinese oil natural Co., LTD, the company said it has signed with a shell has the binding agreement and
complete the delivery, the oil will purchase shell in northeastern British Columbia, Canada is a wholly owned Groundbirch
block and assets 20% rights and interests.
"China's oil hope through the cooperation can accumulate unconventional natural gas exploration and development of the
management and production experience." Petrochina said. Reuters 2, in MaoZeFeng spokesman quoted oil, saying that the
transactions have already won the approval of the government of China and Canada.
However, oil and shell in were not revealed that market price, there have been rumours say transaction amount may be slightly
more than $1 billion. Groundbirch shale gas project of daily production at present for 125 million cubic feet.
It is worth noting that, in recent years, China's enterprise frequently make moves Canada oil and gas resources, the oil in
2011 had planned to c $5.4 billion acquisition of natural gas producer, Encana Canada a shale gas assets fifty percent
equity, but finally ended in failure.
Is expected to the outside world, China's resources for investment and Canadian oil and natural gas imports is coming visit
to the Canadian prime minister Stephen Harper is one of the important agenda.
In 2011 the United States energy information association (EIA) that the report, global 32 have shale structure of country
about 5.76 quadrillion cubic feet of gas resources used by shale. Among them, the Chinese shale gas geology resources about
145 trillion-mile area, recoverable resource of 36 trillion-mile area, more than the United States. Oil is in with shell
joint exploration in sichuan province in the shale gas project.
In addition, the Chinese enterprise are interested in is not only the oil and gas resources. 2,, the Portuguese finance
minister MariaAlbuquerque says, China's state grid will be paid 387 million euros for the Portuguese national power grid
(REN) 25% of the equity, this is the 2011 December China Yangtze three gorges group acquired the Portuguese electricity
company (EDP) 21% of the shares to Portugal on the mass of the asset purchase.