Shell Sign Agreement With Chinese Energy Company To Extract Shale Gas

Fracking has revolutionised the US natural gas industry by enabling the extraction of previously unreachable shale gas. The shale gas industry is now huge in the US and volume of extraction is at phenomenal levels. Whilst other countries delve into fracking a little, it is fair to say that the US completely dominates the shale gas industry, both in terms of total reserves and production levels. That is all about to change. According to the Energy Information Association (EIA) China holds 1,275 trillion cubic feet of recoverable shale-gas reserves;…

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