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China CBM hopes recede after shale support cut

Beijing's move to cut financial support for shale gas extraction in coming years has dashed hopes the government will lift a production subsidy for fellow unconventional gas CBM.

Petromin CBM wells in China. Many of China’s coal seams are beneath mountainous terrain. (Petromin) Petromin CBM wells in China. Many of China’s coal seams are beneath mountainous terrain. (Petromin)

Beijing's move to cut financial support for shale gas extraction in coming years has dashed hopes the government will lift a production subsidy for fellow unconventional gas CBM.