By Miao Jing King & Wood Mallesons’ M&A Group
A recent State Council opinion[i] (the “Opinion”) offers detailed suggestions to policy-makers for encouraging the development of China’s coalbed methane (CBM) industry. Although the Opinion does not contain binding rules, it does list recommendations for future CBM policies and regulations and may provide valuable insights to CBM investors as to what may be coming.
Published by the Central Government on September 22, 2013, the Opinion covers a range of topics, from subsidies to coordination with coal mine operators. Highlights of these topics are discussed below.
Continue Reading New State Council Opinion Encourages CBM Development