Jade Gas Holdings Limited (AU:JGH) has released an update.
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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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