Potential of CBM
By Fu Chenghao |
August 25, 2010, Wednesday
|
Print Edition
Print Edition
COAL-BED methane (CBM), the clean energy trapped between coal seams, will make up one-third of unconventional gas supply in China by 2030, though demand growth is now slow, an industry report said.
"CBM holds huge potential in meeting the country's long-term gas supply needs, making up the second-largest domestic unconventional gas supply to shale and accounting for 14 percent of total domestic supply by 2030," Leslie Lie, a Wood Mackenzie analyst, said in a report released yesterday.
PetroChina Co could emerge as a domestic CBM leader, either independently or with foreign partners as a player in the future of global unconventional gas, given its dominant position in the gas business, the report said.
China in 2007 stripped CUCBM, a joint venture between PetroChina and China National Coal Group, of its exclusive rights to form partnerships with foreign companies in order to accelerate the development of CBM.
"CBM holds huge potential in meeting the country's long-term gas supply needs, making up the second-largest domestic unconventional gas supply to shale and accounting for 14 percent of total domestic supply by 2030," Leslie Lie, a Wood Mackenzie analyst, said in a report released yesterday.
PetroChina Co could emerge as a domestic CBM leader, either independently or with foreign partners as a player in the future of global unconventional gas, given its dominant position in the gas business, the report said.
China in 2007 stripped CUCBM, a joint venture between PetroChina and China National Coal Group, of its exclusive rights to form partnerships with foreign companies in order to accelerate the development of CBM.
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