The National Energy Administration (NEA) has entrusted one of China’s top CBM players, China United Coal-bed Methane Corporation (CUCBM), to draft the new regulation, which sources said, is expected to be finished in July or August.
Sources added that one of the key elements in the new regulation will be terms that ensure foreign companies involved in China’s CBM exploration and development sector commit to their exploration investments as defined in the production sharing contracts.
