Shell's Voser sends out investment promise

By Xu Yihe Singapore

 22 November 2012 23:59 GMT

Anglo-Dutch supermajor Shell is poised to make significant ongoing investments in China’s unconventional gas sector.

Shell aims to boost its exploration activities in shale gas and tight gas blocks in Sichuan province, and also raise liquefied natural gas imports to the world’s ­largest top energy consumer.

Chief executive Peter Voser told Upstream that his company has already budgeted $1 billion per annum for developing unconventional gas in China, which is currently focused on ­Sichuan’s Jinqiu and Fushun-­Yongchuan blocks.

Voser said China plays an important role in Shell’s unconventional gas development, and his company has developed a sizeable shale gas business there.

“We are exploring and de-risking these two places,…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index