IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 10 Aug 2015 | Removal date: open ended

Production subsidy

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.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
691 Electricity & gas distribution (on own account)

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