Singapore—China’s Ministry of Land and Resources May 17 invited tenders for the country’s second shale gas bid round, but did not say when the actual tender process would be conducted and made no reference to participation by foreign companies. Local Chinese companies with a registered capital of at least Yuan 300 million ($47.5 million) and in good financial standing are eligible to bid for blocks, the ministry said in a statement posted on its website. Bidders should also have oil, gas or minerals exploration experience, and all applications must be submitted before May 25, it added.
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