Point of View: Far East Energy pressing big CBM schemes in China

09/06/2004
China, where personal incomes have quadrupled in recent years while the country's burgeoning economy has grown fivefold, currently is consuming energy at a pace surpassed only by the US (see related article, p. 20). Holding the world's largest coal reserves, China burns it in abundance, with the result being that it also has one of the highest rates of pollution in the world. Because the Chinese government wants to clean up its air and increase the use of cleaner natural gas, it has budgeted more than $9 billion to boost gas usage to 8% by 2010 from 2% today. Part of that plan calls for natural gas to replace coal as the major source of electric power generation in Beijing by the ...
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