China has granted shale gas exploration rights to 16 companies in a second round of auctions, as the country tries to find out more energy reserves to meet its rising needs.
China's Ministry of Land and Resources said that the companies will invest 12.8bn yuan ($2bn, £1.3bn) to search and develop 19 shale gas areas allotted to them.
The companies comprise of 14 state-owned firms and two private companies, and are part of a larger group of 57 companies... (Continue Reading)
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