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Article: CHINA TURNING TO COALBED METHANE AS ENERGY SOURCE.

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AsiaPulse News
Article date:
March 10, 2006
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BEIJING, March 10 Asia Pulse - China is turning to coalbed methane, a natural fuel, to help narrow the growing energy supply and demand gap and possibly reduce pollution.

China United yesterday signed a production-sharing contract with Canada-based Ivana Ventures Inc to jointly develop coalbed methane resources in Suzhou of East China's Anhui Province.

Established in 1996, China United was granted by the State Council the exclusive right to explore, develop and produce coalbed methane in co-operation with overseas companies.

The State Council granted the company favourable policies for the coalbed methane industry's development, such as tax ...

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