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Jade Gas Holdings commissions Mongolia's first horizontal coal bed methane well www.akipress.com
Jade Gas Holdings Limited (ASX:JGH) said it had become the first company to commission a horizontal coal bed methane (CBM) well in Mongolia.
The company has achieved a significant milestone by commencing production from its first two Coal Bed Methane (CBM) gas wells in Mongolia's South Gobi region.
Jade Gas Holdings is actively pursuing partnerships to commercialize its gas production, aiming to replace diesel fuel with natural gas for transportation and power generation, which could lead to early revenue opportunities.
The company operates in the energy sector, focusing on the exploration and production of Coal Bed Methane (CBM) gas. It is primarily engaged in developing gas resources in Mongolia, with a market focus on providing cleaner energy solutions to replace diesel fuel in transportation and power generation sectors.
"Jade continues to discuss these near-term commercialization opportunities with partners, focusing on liquefied natural gas (LNG) and compressed natural gas (CNG) opportunities for revenue generation," Jade added, a sentiment supported by company chief executive Dennis Morton.
Published Date:2025-06-12
