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05 Dec
07:37

Anhui finds 4-billion-cubic-metre shale gas deposit

Eastern China’s Anhui province Xuancheng city has reported finding deposits of approximately 500 million tonnes of shale and 4 billion cubic metres shale gas, according to local media. High costs and unstable energy prices mean it remains uncertain when these deposits could be developed, and when these discoveries could lead to significant demand for steel, Kallanish notes. China National Offshore Oil Corporation (CNOOC) has held the exploit…
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