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Overview


AAG Energy Holdings Limited is an international energy company and a leader in China’s CBM exploration and development sector, with a special focus on developing and optimizing the value of unconventional gas resources to supply clean energy to the Chinese economy. AAG Energy’s key operating assets, the Panzhuang and Mabi concessions, are located in the Southwestern part of the Qinshui Basin, which boasts the largest proved CBM geological reserves of any basin in China. AAG Energy’s Panzhuang concession in partnership with the China United Coalbed Methane Corporation Ltd., is the most commercially advanced Sino-foreign CBM asset in China and the first Sino-foreign CBM cooperative project to have entered full-scale commercial development and production. The Project has a designed annual production capacity of 500 million m3. AAG Energy received Approval of Overall Development Plan for Cooperation on Southern Block in Mabi CBM Concession in Qinshui Basin, Shanxi Province from National Development and Reform Commission in October 2018. The construction site under the ODP with a production capacity of 1 billion cubic meters per annum will have a period of four years for development phase. With the proven ability to commercialize CBM and a highly-respected management team, the Group has attracted support from leading international and Chinese investors .