Jade Gas Submits Development Plan for Tavan Tolgoi Coal Bed Methane Project
Jade Gas has submitted its plan for development of operations (PDO) to the Mongolian Minerals Reserve Council for its Tavan Tolgoi Coal Bed Methane (TTCBM) project. The company also agreed on a proposed production licence area covering approximately 502km², which is about 80% of the existing exploration zone. This marks significant regulatory progress toward securing long-term commercial development rights. The approved plan outlines drilling and gas production strategies for the Red Lake development, where Jade Gas has certified its maiden coal bed methane reserves. The licence area also includes potential resource zones like Vista and Brownhill. Approval would transition TTCBM from exploration to a commercially viable asset, enabling the company to monetise its resources. Jade Gas operates through Methane Gas Resource, a joint venture with the Mongolian Government. Recently, it signed a non-binding collaboration agreement for A$1.1bn in funding for phase one development of Red Lake.
Topics: coal bed methane energy Mongolia