China increases cash subsidy of domestic coal-bed methane production by 50%

On 15th one of the largest independent companies, Green Dragon Gas Limited Company which China participate in the production and marketing of coal-bed gas, says that recently the cash subsidy of the local produced coal-bed methane increases by 50%, enhancing from $ 0.87 to $ 1.31 per 1,000 cubic feet. Recently China has announced the price increases during the 13th Five-Year Plan.

Green Dragon Gas Limited Company says that the advancement of state subsidies will provide additional revenue and continue to support its extensive exploration area for the company.

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