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Green Dragon to proceed with 'robust' gas sales after finalising CNOOC agreement

Randeep Grewal, chairman of Green Dragon Gas Ltd (LON:GDG), tells Proactive that the state-backed China National Offshore Oil Corporation (CNOOC) is accelerating plans for the group’s joint assets.

Green Dragon's now finalised a memorandum of understanding with CNOOC subsidiary, China United Coalbed Methane Corporation (CUCBM), over five production sharing agreements and two supplementary agreements – all of which cover the Shizhuang South (GSS) and Shizhuang North (GSN) projects.

 

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