China Shenhua Energy, the country’s largest coal producer, has confirmed it won the right to explore a shale gas block in southern China in a second rights tender held last year.
The Ministry of Land and Resources named Shenhua Geological Exploration, a wholly owned subsidiary of Shenhua, as the winner of the Baojing Block in Hunan province, Shenhua said in a filing last week with the Hong Kong Stock Exchange. The unit will be Shenhua’s principal subsidiary for shale gas exploration and development, and has registered...
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