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. http://www.forbes.com/sites/ywang/2014/08/07/chinas-coming-shale-gas-auction-offer-little-hope-to-private-investors/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s