ANNOUNCED AS TEMPORARYNo
On August 10th, 2015, the government in China's Shanxi Province released Jinzheng Banfa 2015/96 (hereafter, 'Announcement'), the regional iteration of the State Council's national plan for supporting the coalbed methane industry in China )please see related act for full info).
The Announcement promised subsidies for producers of the gas of an extra USD 0.00784 (CNY 0.05) per m3 of gas, on top of the 'national subsidy' of USD 0.0314 (CNY 0.2), for a total subsidy of USD 0.392 (CNY 0.25) per m3.
In addition, the Announcement mentions that during the 'three-year gas drainage project', the additional subsidy will be increased to USD 0.0157 (CNY 0.1) per m3 of gas produced, for a total of USD 0.470 (CNY 0.3) per m3.
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