Natural Resources Newsletter - 26 June 2015

Sino-Oil-and-Gas-Holdings-confident-of-receiving-Beijing-approval-for-mass-coal-bed-methane-production

  

SINO OIL AND GAS HOLDINGS CONFIDENT OF RECEIVING BEIJING APPROVAL FOR MASS COAL-BED METHANE PRODUCTION

Shanxi based Sino Oil and Gas Holdings (Sino Oil) has announced that it expects to receive Government approval for its proposed mass coal-bed methane production project by the end of the third quarter 2015. China is estimated to be home to the world's third-largest reserves of coal-bed methane, which is largely untapped due to technical challenges and insufficient spending on drilling and infrastructure.