Australia's Jade Gas rises on deal for fully funded Mongolia gas project phase

Jade Gas Holdings

20/07/2026 05:00

** Shares of Australia's Jade Gas Holdings JGH.AX fall as much as 9.5% to A$0.115, its highest level since July 7 
** Stock posts its biggest intraday pct gain since June 29
** Gas explorer announces collaboration agreement with PT Beijing Energy Linking, under which PTBEL is to be appointed as lead contractor and will fund development of Phase 1 of  Jade's flagship TTCBM Project in Mongolia
** Adds collaboration agreement contemplates funding of 100% of Phase 1 capital expenditure, estimated at $762.5 million     
** Stock has risen 209.4% this year, including session moves


($1 = 1.4300 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))