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Article: CHINA, US FIRMS JOINTLY DEVELOP COALBED METHANE.
- Article from:
- AsiaPulse News
- Article date:
- March 4, 2003
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BEIJING, March 4 Asia Pulse - China United Coalbed Methane Co., Ltd. (CUCBM) signed a production-sharing contract with US-based Sino-American Energy Inc. here on March 3 for cooperative development of the coalbed methane resources in north China's Shanxi Province.
The contracted block of 150.8 square km is located in Qinshui County of Jincheng City, which has convenient transportation facilities with neighboring cities in Shanxi and Henan provinces where demand for clean gas energy is increasing, said Huang Zhida, general manager of the CUCBM.
The development of coalbed methane is of strategic significance for the progress of local economy, readjustment ...