CBM production News
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IEA report sees bright future for natural gas over next 5 years
Natural gas is well on its way to a bright future, according to a new report from the International Energy Agency (IEA) that projects China will more than double consumption over the next five years while lower prices from the unconventional gas revolution will continue to benefit the United States. The report, Medium-Term Gas Market Report 2012, released today at the World Gas Conference 2012, ...
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China`s energy security strategy
China's strategy for securing its energy supply has been analysed in a new study. The author highlights key aspects of the country's energy security strategy, focusing on overseas investment in oil and development of petroleum reserves and unconventional gas, including fracking. Over the last two decades, China has shifted from being a net exporter to a net importer of fossil fuels. This has ...
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Frost & Sullivan 2012 Africa Competitive Strategy Leadership Award Conferred on Karoo Sustainable Energy Ltd.
Based on its recent analysis of the power generation market, Frost & Sullivan recognises Karoo Sustainable Energy (Pty) Ltd; [KSE] with the 2012 Africa Competitive Strategy Leadership Award. KSE is an independent power producer (IPP) actively pursuing power development projects in Botswana since 2008. "The company has exhibited a competitive edge over the other entities operating in the ...
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Shale, other unconventional natural gas supports more than 1 million us jobs today; nearly 1.5 million by 2015, IHS study finds
Natural gas production from shale, coal bed methane and tight sands is expected to generate significant job creation, economic growth, and revenue for federal, state and local treasuries throughout the U.S. in gas "producing" and "non-producing" states alike, according to a new IHS Global Insight study. The economic contributions are realized throughout the lower 48 states and the District of ...
By IHS Markit
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China’s presence grows in unconventional gas and oil markets
The state-owned China National Petroleum Corp. (CNPC) last month announced a new joint venture with Encana, Canada"s largest producer of natural gas, to develop some of Encana"s holdings in the Montney and Horn River Shales. These are two of North America"s "Magnificent Seven" shale plays, containing an estimated 240 trillion cubic feet of recoverable natural gas-enough to supply China with ...
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