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Policy & Regulation

China cuts red tape to spur CBM development

New streamlined procedures will make it easier for Chinese players to bring in foreign partners on domestic CBM projects New streamlined procedures will make it easier for Chinese players to bring in foreign partners on domestic CBM projects.
By Colin Shek 21 March 2019 Asia Pacific / Exploration & Production 0 34062
The Liulin CBM project. (Dart Energy)

Beijing’s move to cut red tape for upstream oil and gas projects jointly developed by domestic and foreign players will benefit the Chinese CBM industry by encouraging even more international cooperation in extracting the unconventional gas.

China’s legislative framework for the energy sector does not allow foreign companies to independently develop oil and gas resources in the country, but it does allow them to cooperate with Chinese partners by submitting an ‘overall development plan’ (ODP) for individual oil and gas projects.

The current administrative review and approval...