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2016-03-19 18:55:00

CHINA INCREASED BY 50%

CHINA INCREASED BY 50%

The Central Government of the People's Republic of China (PRC), as part of the country's 13th Five-Year Plan, has implemented a 50% increase, from $0.87 per thousand cubic feet (Mcf) to $1.31/Mcf, in the level of cash subsidy to be paid per Mcf paid for coalbed methane (CBM) produced, according to Green Dragon Gas Ltd., one of the largest independent companies involved in the production and sale of CBM gas in China.

The increase in the state subsidy, effective Jan. 1, will provide additional income for the Group, and supports the continued development of the Group's acreage held under its six production sharing agreements with its partners CNOOC, PetroChina, and CNPC.

Randeep S. Grewal, founder and chairman of Green Dragon Gas, commented, "This increase is yet another demonstration of the Chinese government's continued commitment to develop domestic clean energy from coal beds to facilitate its objective of increasing the gas component of the energy mix."

ogfj.com

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More: 

СОТРУДНИЧЕСТВО КИТАЯ И РОССИИ 

CHINA'S OIL IMPORTS UP 

CHINA'S LOAN FOR GAZPROM 

CHINA'S OIL IMPORTS DOWN 

CHINESE LNG DOWN 

CHINA'S DEMAND WILL UP 4.3% 

CHINA & CHEVRON GAS

 

Tags: CHINA, GAS, METHANE

Chronicle:

CHINA INCREASED BY 50%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

CHINA INCREASED BY 50%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

CHINA INCREASED BY 50%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

CHINA INCREASED BY 50%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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