Singapore (Platts)–16Nov2012/130 am EST/630 GMT China is considering tripling the subsidy given to coalbed methane producers to Yuan 0.6 (10 cents)/cubic meter, the Shanghai Securities Journal reported Friday, citing a government official. The newspaper quoted Zhang Huangsheng, head of the research institute at the State Administration of Coal Mine Safety, as saying the central government [...]
Read moreby Quintella Koh|Rigzone Staff|Tuesday, October 23, 2012 The Chinese natural gas industry has grown rapidly, overtaking Japan in 2009 to become the largest market in Asia. According to a report published by Argonaut Securities Research Aug. 29, 2012, China is at present the fourth largest consumer of natural gas in the world. The country consumed [...]
Read moreSource: http://www.chinadaily.com.cn Coal bed gas exploitation is a more urgent initiative to follow, to save energy resources andease air pollution, said Pan Wei’er, deputy director of the Science and Technology Committeeof China Zhigong Party Central Committee, in an article published in China Economic Weekly. Pan said, technically and financially, coal-bed gas extraction is more feasible [...]
Read moreTime: 2012-09-16 Source: CN News http://news.sohu.com/20120916/n353274879.shtml Yuan liang, Academician of Chinese Academy of Engineering expressed in the opening of the Fourth China (Taiyuan) International Energy Industry Expo 2012 on 16th September that, CBM output in China will reach to 90 billion m3 in 2030. From the aspect of energy saving, it will save 100 million m3 [...]
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China’s push towards further gasification of its vast energy resources has drawn the attention of a number of prospective companies. As of 16 July, 2012, over 70 companies have voiced their interest in bidding for the rights to work in China’s second tender for shale gas blocks. The date of the auction has yet to [...]
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The 1st World Jin-Merchants Convention was held from August 19th to 20th 2012 in Taiyuan, Shanxi with the theme of New Jin-Merchants, New Shanxi, New Leap development. The convention would provide platform for Shanxi Merchants from home and abroad to pool up variety of skills, talents and entrepreneurial qualities at Shanxi so that International Jin-Merchants [...]
Read moreHONG KONG Aug 6 (Reuters) – CNOOC Ltd, China’s largest offshore oil producer, has signed a deal to spend 9.93 billion yuan ($1.56 billion) to explore for coalbed methane (CBM) in China over the next five years as part of a 30-year agreement. A deal on the project was signed between CNOOC Ltd and China United [...]
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The Wall Street Journal July 16, 2012, 6:58 PM ET By Wayne Ma China’s shale-gas industry is still in its early days, with production nowhere near the commercial stage, but that hasn’t deterred foreign companies from trying to get in on the ground floor. Reuters China’s big three energy producers have been investing in shale-gas assets [...]
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According to the latest research, China’s consumption of natural gas has been growing at rapid levels. In 2011, the country’s natural gas consumption rate stood at 131.7 bcm, a marked increase from its consumption of 24.5 bcm. Based on the current rate of growth, China is expected to reach 375 bcm of natural gas consumed [...]
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As energy independence becomes more and more important, an increasing number of companies have started turning towards CBM as a new, clean and viable source of fuel. On June 26, 2012, Canadian Energy Partners has announced that it has added approximately 230 bcf of potential CBM source to its reserves.[1] At the same time, CBM [...]
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