China’s Shale Gas Revolution to Surpass U.S

Reuters reported that according to Sinopec (HKG:0386), China plans to go for a shale gas revolution that will surpass United States efforts.

As quoted in the market news:

Fu Chengyu, chairman of state-controlled China Petroleum & Chemical Corp (Sinopec) , said it could take five to 10 years but that China’s output would exceed that of the United States.

Click here to read the full Reuters report.