Royal Dutch Shell is upbeat about the development of China's shale natural gas resources. "We completed 11 wells last year; we hope to effectively double that this year. ... We are seeing a mixed range of outcomes, everything from pretty poor reaction to excellent," said Simon Henry, the company's chief financial officer. Shell expects the cost of shale-gas production in the country to be within the $2 to $6 per million British thermal units seen in North America, Henry said.
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