(EnergyAsia, December 17, Thursday) — Australia-listed Cougar Energy Limited (ASX: CXY) said it has executed a memorandum of understanding (MOU) with Direct Invest Pte Ltd, the Singapore-based subsidiary of the Direct Invest Group, to establish Cougar Direct Invest China Limited (CDIC) to develop underground coal gasification (UCG) projects in China and Mongolia. CDIC will be…