China's oil and gas, according to China's ministry of finance on 14 last month to the "about" much starker choices-and graver consequences-in coalbed methane (gas) development and utilization of subsidy standards during the period of notice, to encourage the development of coalbed methane, in 'much starker choices-and graver consequences-in planning period, the coalbed methane development in the middle of the fiscal subsidy standards from CBM per cubic meter 0.2 yuan (RMB. The same below), up to 0.3 yuan. At the same time, the notice said will according to the industrial development, drilling cost and market selling price changes, timely adjust subsidies.
Group believes that the ascension of subsidy standards in addition to bring extra subsidies income for group, all of the above policy support the group's three hand in coalbed methane project and the development of the industry has a long and a direct positive effect.
'much starker choices-and graver consequences-in energy planning policy according to the central actively promote the development of coalbed methane, to the construction of clean and low carbon energy system, safe and efficient, believe that CBM industry future development space is huge, and the extraction key technology breakthrough of the industry, the development will further speed up the pace, the future of CBM utilization will generally improve.