24 April 2024
China to exclude foreign companies from bidding in second shale gas tender
Publication date: 18 May 2012
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China will exclude foreign companies from bidding in its second tender for shale gas blocks, according to an announcement by the country’s Ministry of Land and Resources on Thursday. Only domestically registered companies with registered capital of more than 300 million yuan ($47.4 million) will be allowed to bid, despite a lack of proven expertise on developing shale gas resources within China.