Market-Based Development of China's CBM Industry

Navi Mumbai, India (PressExposure) April 07, 2009 -- Market-based Development of China's CBM Industry( [http://www.bharatbook.com/Market-Research-Reports/Report-on-Chinas-Coal-Bed-Methane-CBM-Industry.html] ) report gives information on Development, SWOT Analysis and Major CBM Producers in China China is rich in CBM resources, and its CBM reserves are equivalent to those of natural gas. The latest survey shows that the total reserves of CBM in China are 36,800bn m3, from which the minable CBM from within a depth of 1,500 meters would be 10,900bn m3. There are nine fields each with CBM reserves of more than 1,000bn m3 in China, and their combined reserves are 31,000bn m3, accounting for 81% of the country's total. Of these nine, Erdos is in possession of 9,900bn m3, 27% of that in China. China drilled 1,073 new CBM wells in 2007, and 701 of them started production already, with 3,300bn m3 coming from surface wells. By the end of 2007, China had 2,446 CBM wells, with Qinshui field (Shanxi Province), Fuxin field (Liaoning Province), and Hancheng field (Southern Erdos, Xinjiang Province) having basically achieved commercial production. On top of that, 2007 witnessed the births of seven small-sized CBM compression stations, whose total production capacity was about 1,296,000 m3; and also the three gas-to-liquid plants, whose total production capacity was 1.55 million m3. Currently China's major homegrown CBM producers include China CBM, China National Petroleum Corporation (CNPC), and Qinshui Lanyan CBM etc. Some foreign companies, such as Greka Energy (from the U.S.) and Far East Energy Corporation (from the U.S.), have participated in the exploration and production of CBM in China. In addition, four demonstration plants, i.e. Qinnan Panzhuang, Qinnan Panhe, Qinnan Zaoyuan and Fuxin (Liaoning Province), have already begun operations for commercial purposes. Beijing has made CBM production one of the 16 major projects in its 11th "Five-Year Plan", which says that the output of CBM in China would reach 10bn m3 by 2010, 30bn m3 by 2015, and more than 50bn m3 by 2020. So China's CBM industry should expand rapidly in the next few years. For vast range of market reports you can visit: [http://www.bharatbook.com/Market-Research/Energy-Resources.htmla] Or Contact us at:

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Press Release Submitted On: April 04, 2009 at 4:13 am
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