Green Dragon Stays on China Trail

摘要

It has been a difficult two years for Green Dragon Gas, one of the first foreign entrants into China's coalbed methane (CBM) industry. In 2011, the London-listed firm received word that China United Coalbed Methane Corp. (CUCBM), its partner in five CBM production sharing contracts (PSCs) in China, was ending their cooperation at four, leaving Green Dragon out in the cold(WGI May 15'13).