China says 83 companies make bids in second shale gas tender

2012-10-25

A total of 83 companies have made 152 bids for the right to explore shale gas deposits throughout China, the Ministry of Land and Resources announced on Thursday.

The announcement marked the close of China's second shale gas auction, which was opened to bidders on Sept. 10 and covered a total of 20 blocks.

The first tender covered just four blocks, two of which were won by the China Petroleum & Chemical Corp (Sinopec) and a provincial coal seam gas company.

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