The 3rd Unconventional Hydrocarbons Summit 2012

China  now  is playing catch-up to Asian rivals in the race to buy into North America’s Unconventional natural-gas sector:

China National Offshore Oil Corporation Ltd. agreed in October to pay up to $2.16 billion for a 33.3 percent stake in Chesapeake Energy’s interest in the Eagle Ford shale play. The deal, if concluded, would represent the largest Chinese investment ever in the U.S. energy sector.

China, estimated to hold more gas trapped in shale than the U.S., will open new areas to exploration as PetroChina Co.’s parent and Cnooc Ltd. seek drilling technology through partnerships and acquisitions.

China will eliminate tariffs and value-added taxes on equipment and components used to develop coalbed methane (CBM) refining in mines starting this year, according to a joint statement issued by the Ministry of Finance (MOF) and other central government departments.

China Petrochemical Corp., the nation’s biggest refiner, agreed to buy Daylight Energy Ltd. for C$2.2 billion ($2.1 billion) in cash, gaining Canadian oil and shale-gas reserves in its largest acquisition this year.
So the question is – will you be attending the 3rd Unconventional Hydrocarbons Summit in 2012 in China? It’s being held in Beijing – March 22-23rd, 2012.

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