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Article: China United inks coalbed methane deal
- Article from:
- China Daily
- Article date:
- February 23, 2006
- Author:
CopyrightCopyright 2006 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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China United Coalbed Methane Corp Ltd has teamed up with the
London-headquartered Reflection Oil & Gas Partners Ltd to explore,
develop, produce and sell coalbed methane in China, a move that could
help alleviate the energy supply shortage and pollution as well as
improve coal mining safety.
The contract signed in Beijing yesterday was the third one for
China United involving foreign investors within less than four
months, suggesting foreign companies may be able to speed up their
entrance into China's vast coalbed methane market.
China United signed similar contracts with two Canadian firms
TerraWest Energy Corp and the Verona Development Corp last December
and November, respectively.
The ...