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Shanxi backs flagship gas company to boost CBM
A major injection of capital and assets could allow the flagship gas company of northern China's Shanxi province to start make significant progress on local CBM development A major injection of capital and assets could allow the flagship gas company of northern China's Shanxi province to start make significant progress on local CBM development.
11 April 2019
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The key issue: Eight provincial companies in Shanxi in northern China have agreed to inject nearly RMB 17 billion of assets and capital into a flagship gas company set up a year ago to boost weakening development of the province’s abundant CBM resources.
Interfax analysis: Shanxi Gas Group, the flagship Chinese company established in March 2018 to bolster CBM development in Shanxi province, will receive more CBM-related assets from four existing stakeholders – including Jincheng Anthracite Mining Group (JAMG), Shanxi’s biggest CBM producer. Four other...
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