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Article: China, US jointly develop coalbed methane
- Article from:
- Xinhua News Agency
- Article date:
- March 3, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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China, US jointly develop coalbed methane
BEIJING, March 3 (Xinhua) -- China United Coalbed Methane Co.,
Ltd. (CUCBM) signed a production sharing contract with US-based Sino-
American Energy Inc. here Monday 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, ...