China HUGE shale ng reserves about to be fracked!!
Shell plans to drill as many as 25 wells in 2012.
Shell just signed a production deal with CNPC.
Chinese shale may hold 1,275 trillion cubic feet of technically recoverable gas, or 12X's the country’s conventional natural-gas deposits, according to a U.S. EIA report published in April.
China’s “technically recoverable” reserves are almost 50% more than the 862 trillion cubic feet held by the U.S., the EIA said!!!