China Auction for Shale Gas Blocks Attracts 152 Qualified Bids
China’s second round of shale-gas auctions attracted 152 bids from 83 companies, as the nation allowed non-state entities to participate in the sale for the first time. Nineteen of the 20 blocks offered in today’s auction received at least three bids, the minimum required for a block’s auction to proceed, according to a statement posted to the website of the Ministry of Land and Resources today. A block, wh ...
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