business / news / / The Economic Times
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins.
China is the first and only country commercially developing coal rock gas (CRG) due to unique geology.
KEY POINTS
- PetroChina projects CRG output could reach 30 bcm by 2035, exceeding current shale gas levels.
- China's coal basins hold an estimated 13 trillion cubic metres of technically recoverable CRG reserves.
- PetroChina found CRG-rich layers in Australia, aiming to replicate Chinese techniques abroad.
- CRG development costs are higher than shale gas, but may drop as technology and integration improve.
COMPANIES
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