New JV in China to Develop Coal Bed Methane

Shanxi Xishan Coal and Electricity Power has teamed up to form a joint venture with Minshui Lanyan Coalbed Methane Ltd to develop coalbed methane blocks in Xishan in China.

The new entity which is pending the approval of local state-owned asset authorities, will have a registered capital of 200 million yuan, of which 98 million yuan will be paid by Xishan Coal and Electricity Power in cash and tangible assets.

Xishan has a CBM reserve of 79.37 billion cubic meters, according to Ministry of Land and Resources.