US, China in joint shale-gas project in Penn­syl­va­nia

China Daily (Canada) - - NEWSCAPSULE -

A US-based en­ergy com­pany will join with China’s Shen­hua En­ergy Co Ltd, the big­gest coal pro­ducer in the world, to de­velop a shale-gas project in the state of Penn­syl­va­nia.

En­ergy Corp of Amer­ica plans to in­vest $90 mil­lion to set up a sub­sidiary for the new project, ac­cord­ing to a state­ment re­leased by Shen­hua.

The project, which in­cludes 25 shale gas wells, is ex­pected to pro­duce 3.8 bil­lion cu­bic me­ters of gas in its first 30 years of op­er­a­tion.

Shen­hua has never been in­volved in for­eign shale gas projects be­fore, and nei­ther have other coal firms in China. (Photo 1)

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