Jade Gas Signs Non-Binding Agreement with PTBEL Consortium for Red Lake Coal Bed Methane Project Funding
Jade Gas has signed a non-binding agreement with Beijing Energy Linking (PTBEL) and its partners to secure A$1.1 billion in funding for the first phase of development at Mongolia's Red Lake coal bed methane project. The initial phase includes drilling 175 wells, supported by PTBEL’s capital investment covering infrastructure costs.