Increasing demand for gas and pressure to reduce carbon emissions has prompted China to develop its coal bed methane (CBM) resources. Therefore, China had set an ambitious target for its eleventh five year plan from 2006-2010 to produce five billion cubic meters (bcm) of CBM a year by 2010. However, currently the country has achieved less than a quarter of its target. Challenges faced by the CBM development industry are economic viability, infrastructural availability and technological development. PetroChina is an emerging leader since China opened up foreign participation in CBM development. The country is seeking foreign collaborations mainly for technical expertise, especially with the North American oil and gas companies.
- Analyses the CBM potential of China and how much of the target set in the 11th five year plan is achieved,
- Analyses the role Chinese government can play to achieve the target
- Highlights tie-ups with foreign companies,Provides challenges and drivers
Reasons to buy
- Understand the CBM potential of China, challenges, government's role to achieve the target of CBM production set for the 11th five year plan, tie-ups with foreign companies