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Overview


AAG Energy is the leading independent coalbed methane (CBM) producer in China, focusing on the development and value optimization of unconventional gas resources to supply clean energy to the Chinese economy. AAG Energy’s key assets, Panzhuang and Mabi concessions, are located in the southern Qinshui Basin, which contains the largest amount of proven CBM geological reserves in China. The Panzhuang concession is the most commercially advanced Sino-foreign CBM asset in China and is the first Sino-foreign CBM concession in China to have received overall development plan approval, with designed annual production capacity of 500 million m3. The Mabi concession received preliminary ODP approval in November 2013 and Mabi ODP I has a designed annual commercial capacity of 1 billion m3. The proven ability to commercialize CBM, along with a highly regarded management team has attracted support from leading international and Chinese investors including Warburg Pincus, Baring Private Equity Asia, Chinastone and Ping An.