China: Huge Shale Gas Reserves Will Fuel Future Growth

China’s vast shale gas reserves are rapidly gaining the attention of major oil and gas companies, with ConocoPhillips [NYSE: COP] the latest to express its plans to expand operations in the country. Last week, ConocoPhillips's vice president of commercial and sustainable development, Mark Nelson, announced that the company, which already holds stakes in Chinese offshore drilling projects, is “looking into expanding into shale,” following BP [NYSE: BP], Chevron [NYSE: CVX], Royal Dutch Shell [NYSE: RDS], and Total [NYSE: TOT].

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