Billionaire US investor Wilbur Ross eyes JV in China shale tender

High profile US investor Wilbur Ross is in talks with Chinese companies to form a joint venture to participate in a long-awaited shale gas auction in China late next month.

China, believed to hold the world’s largest reserve of shale gas, is offering 20 blocks in eight provinces with a total area of 20,002 square km. More than 100 Chinese companies, from utility firms to real estate developers, have shown interest.

via Business feed http://www.scmp.com/business/companies/article/1046758/billionaire-us-investor-wilbur-ross-eyes-jv-china-shale-tender