More Sino-Foreign CBM Partnerships On The Horizon

摘要

BMI View: Beijing is pushing ahead with efforts to open its unconventional gas sector to foreign investment. We expect international industry majors to take a careful look at joining forces with PetroChina and Sinopec to tap China's potentially huge CBM gas reserves. In an effort to kick-start China's coal-bed methane (CBM) sector, the government has announced that it will allow two of the country's major state-owned oil companies to team up with foreign operators on CBM projects for the frst time.