As one leading coalbed methane (CBM) base of China, Shanxi will plough 1.07 billion yuan ($16.14 million) into 10 CBM blocks for exploration and exploitation in coming three years, Xinhua reported.
Shanxi Provincial Department of Land and Resources has just signed contract with companies which won the bid for prospecting right of the 10 CBM blocks.
The auction of the 10 CBM blocks' prospecting right is the first such case in the China. Shanxi Guoxin Energy Development Group, Shanxi Meijin Energy Co., Ltd and five other companies gained the prospecting right.
(Writing by William Gao Editing by Jessie Jia)
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