CBM Asia Development Corp. provided an update on the signing of a Gas-to-Power Memorandum of Understanding with PT Navigat Energy. CBM Asia signed a Memorandum of Understanding with PT Navigat Energy to supply up to 5.0 MMscf/d of coalbed methane from its planned production pilot to gas engine power generation project in the Barito Basin, South Kalimantan, Indonesia.

The two parties will proceed to negotiate with PT PLN (Persero) on the sale of power and gas. CBM Asia's role will be limited to gas producer and supplier.