Jade Gas Holdings Ltd. has cleared a major regulatory hurdle as it moves toward establishing Mongolia’s first significant gas operation.
The company has received formal approval for its Appraisal Report over its TTCBM project from the Mineral Resources and Petroleum Authority of Mongolia (MRPAM). The approval confirms the completion of the project’s appraisal phase and establishes its commerciality.
This approval also serves as the official green light for Jade to transition from exploration into the formal development and licensing process.
The approval triggers a sequential regulatory pathway designed to move the project toward a long-term gas production licence. The immediate next step is reserve booking, a procedural registration with the Mongolian Minerals Council (MRC) that will formally recognise the project’s maiden gas reserves under national reporting standards.
Once these reserves are registered, Jade will submit its Plan for Development of Operations (PDO). This document acts as the project’s technical and environmental blueprint, outlining production forecasts and infrastructure design.
Jade’s vision for the TTCBM Project is substantial. The initial Phase 1 development contemplates a drilling campaign of up to 175 wells, focused on supplying LNG to Mongolia’s local transport network and industrial power users.
However, the long-term potential is far greater. The total field development envisages approximately 800 wells with a projected project life exceeding 30 years.
Jade CEO Chris Newport described the regulator’s endorsement as a significant de-risking event.
“The appraisal phase has delivered a deep understanding of the technical and commercial value of the project,” Newport said.
“We now focus on the next steps toward securing a gas production licence with confirming a gas reserve booking and submission of the Plan for Development of Operations that will ultimately deliver Mongolia’s first significant gas operation.”
In tandem with the regulatory progress, Jade confirmed it is maintaining positive commercial discussions with both domestic and international partners.
The approved appraisal program is expected to strenghten investor confidence and unlock financing pathways for the surface facilities and field infrastructure required to bring the project to life.
