China’s NDRC approves Texas shale purchase

China’s National Development and Reform Commission has approved Guanghui Energy’s plan to buy a shale gas project in Barnett, Texas, for $200 million.
By Staff reporter 13 June 2017 0 26348

China’s National Development and Reform Commission has approved Guanghui Energy’s plan to buy a shale gas project in Barnett, Texas, for $200 million, the China Petroleum and Chemical Industry Federation said on Tuesday.

The federation said Guanghui Energy will increase investment and drilling at the project based on the conditions of the shale gas market in the United States.

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