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FACTBOX-China opens up shale in bid to boost slow growth
March 10, 2013 / 9:07 PM / 5 years ago

FACTBOX-China opens up shale in bid to boost slow growth

March 11 (Reuters) - China opened its second shale gas
auction to non-oil firms, seeking to unlock huge reserves and
mirror the experience of the  United States where independent
drillers have driven a shale boom. For a related story:
   
    The move has, however, raised concerns over the capacity of
the firms picked. The auction attracted more than 100 firms, an
eclectic group that included a real estate developer, a grain
trader and a tobacco dealer.
    The 16 winning firms, which pledged to spend at least $2
billion over the next few years, include six that are state-run
and mostly affiliated to big utility and coal firms and eight
energy investment firms freshly formed under the auspices of
provincial governments. Two are little known private firms. 
    The following is a list of the winners and the blocks they
won (company names are Reuters' own translation based on Chinese
name list published by the Ministry of Land & Resources).
COMPANIES               BLOCKS                  PROVINCE
----------------------------------------------------------------
UTILITIES & COAL:
---------------------------------------------------------------
Huadian Coal                  Suiyang             Guizhou
Huadian Hubei Power           Laifeng Xianfeng    Hubei
Huadian Hubei Power           Hefeng              Hubei
Huadian Engineering           Huaheng             Hunan
China Coal                    Fenggang Block I    Guizhou 
China Coal                    Sangzhi             Hunan
Shenhua                       Baojing             Hunan
---------------------------------------------------------------
SDIC*                         Chengkou            Chongqing
---------------------------------------------------------------
LOCAL-GOVERNMENT-LINKED:
---------------------------------------------------------------
Tongren Energy Investment     Cengong             Guizhou
Chongqing Energy Investment   Qianjiang           Chongqing
Chongqing Mineral Dvlpt       Youyangdong         Chongqing
Hunan Huacheng Energy Invest  Longshan            Hunan
Jiangxi Natural Gas Holding   Xiuwu               Jiangxi
Hunan Shale Gas Development   Yongshun            Hunan
Anhui Energy Group            Lingan              Zhejiang
Henan Yukuang Geology/Invest  Wenxian             Henan
Henan Yukuang Geology/Invest  Zhongmou            Henan
--------------------------------------------------------------
PRIVATE:
--------------------------------------------------------------  
     
Huaying Shanxi Energy Invest  Fenggang II         Guizhou
Beijing Tantai Tongyuan       Fengfang III        Guizhou 
----------------------------------------------------------------
   
 * State Development & Investment Corp is state-run conglomerate
involved in power, coal, infrastructure and finance business. 

 (Reporting by Chen Aizhu; Editing by Ed Davies)

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