Shenhua Energy Co Acquires Shale Gas Block

Reuters reported that coal producer Shenhua Energy Co has acquired a shale gas block in southern China through auction, as they work to diversify their energy base.

As quoted in the market report:

The move was part of the state-owned giant’s strategy to “broaden its presence in the energy market and optimise its business model as an integrated energy company,” said Shenhua Energy, which also owns power plants and railways and ports.

To view the whole Reuters report, click here. 

Get the Latest Gas Investing Stock Information

Get the latest information about companies associated with Gas Investing delivered directly to your inbox.

Gas

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply