The overall development plan for the GCZ block is said to be “substantially complete” and is expected to be submitted this quarter to the National Development & Reform Commission.
Approval is targeted by the end of June and Green Dragon will work to secure yuan-denominated debt to help finance the continued development of its CBM assets in China.
The operator aims in the second half of 2017 to start initial gas sales from the Boatian-Quingshan (GGZ) block in Guizhou province.
