ANNOUNCEMENT 10 Aug 2015
August 10th, 2015 - The regional government of a Chinese province published details of a support scheme.
NUMBER OF INTERVENTIONS
Shanxi Regional government, August 10th, 2015. (晋政办发96号 山西省人民政府办公厅关于印发山西省煤矿瓦斯抽采全覆盖工程实施方案的通知)
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.