China’s Coming Shale Gas Auction Offer Little Hope To Private Investors – Forbes

The second round held in 2012 was open to private investors, but shortlisted candidates included the bizarre choices of a home-appliance company and a hardware firm that mainly sells hand tools . Now the repeatedly delayed third round is expected to take place, but things are unlikely to get any better for private investors hoping to benefit from the countrys future shale gas boom. The third auction, which Beijing planned to launch towards the end of 2013, is almost a year overdue as the central government, local officials and state-run oil conglomerates finalize the coming sale.

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