Jade Gas Holdings Limited (AU:JGH) has released an update.
Jade Gas Holdings Ltd is set to expedite its coal bed methane gas production in Mongolia’s Tavantolgoi basin, bypassing pilot programs due to strong gas results and a clear pathway for rapid development. Capitalizing on high gas demand and strategic partnerships, the company is poised to convert gas sales opportunities and begin production soon, backed by A$7.9M in funding from UBM. This strategy aims at supplying cleaner energy for local needs, including electricity for mining and fuel for haulage trucks.
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