1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Shale gas gets lift on govt promise

      2013-01-10 09:11 Global Times     Web Editor: qindexing comment

      Shares of companies in the shale gas industry reported strong performance Wednesday after energy authorities said the government would boost the development of shale gas in 2013.

      At the 2013 national energy work conference, China's energy authorities said that the use of unconventional gas resources, such as shale gas and coal bed methane, will be encouraged in 2013, according to a statement posted on the central government's website Tuesday.

      Boosted by the news, shares of companies in the sector reported strong increases on the capital market. Shares of Shenzhen-listed Lanzhou Haimo Technologies Co, a shale gas explorer, surged to the daily limit of 10 percent in morning trading Wednesday and closed up 3.46 percent.

      Meanwhile, experts noted that the shale gas sector is not likely to see massive development in the short term.

      "The government has started to attach increasing importance to shale gas, but it is still hard to see any major development in the sector before 2015," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times Wednesday.

      Lin noted that Chinese shale gas firms mainly use technology from US companies; however, given geologic differences between the two countries, the technology is not yet suitable for shale gas exploration in China.

      Shale gas resources are mainly found in mountainous southwestern areas in China, but in the US the resources mainly concentrate in the plains.

      "Lack of water is another factor that may hold back shale gas development in China, as exploration of the resource demands a high quantity of water," Lin noted.

      The Ministry of Land and Resources announced the results of the second round of public tender for shale gas exploration rights on December 6, 2012. Two private companies have nudged into the rank of winners.

      Although many companies are now eyeing the shale gas sector, they are all generally very cautious, as the sector demands a high input of capital and technology while investment return is slow, said Pu Deqin, a shale gas industry analyst at JYD Commodities Hub.

      "It is not very likely that private companies will take a big share of shale gas development, as most of them do not have enough capital or technology, and gas pipes in China are still controlled by the two State-owned energy companies PetroChina and Sinopec," Pu said.

      Experts noted that although exploration of coal bed methane also demands advanced technology, the resource is expected to gain increasing attention in the future, as its exploration is considered more environmentally friendly.

      The 2013 national energy work conference was concluded Tuesday. At the meeting, the government also said use of renewable energy, such as solar power and wind power, will be encouraged in 2013.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 久久亚洲欧美国产精品| 亚洲视频免费在线观看| 亚洲中文字幕久久久一区| 国产人成免费视频网站| 久久久久亚洲AV无码专区首JN| 久久精品免费视频观看| 久久亚洲国产伦理| 久久午夜羞羞影院免费观看| 特级毛片aaaa免费观看| 亚洲第一区精品观看| 国产黄色免费观看| 国产亚洲精品成人AA片新蒲金| 一级毛片免费在线| 亚洲国产成人高清在线观看| 国产性生大片免费观看性 | 成人无码WWW免费视频| 亚洲国产精品va在线播放 | AV无码免费永久在线观看| 亚洲乱码一区av春药高潮| 无码乱肉视频免费大全合集| 亚洲色精品三区二区一区| 国产公开免费人成视频 | 久久久久成人片免费观看蜜芽| 久久久久亚洲av无码尤物| 18禁网站免费无遮挡无码中文 | 久久久亚洲欧洲日产国码aⅴ | 四虎影视www四虎免费| 国产午夜亚洲精品不卡| 亚洲综合色在线观看亚洲| 久久久久免费视频| 亚洲视频小说图片| 色视频色露露永久免费观看| 又粗又长又爽又长黄免费视频| 久久久久亚洲精品无码系列| 成人免费无码大片a毛片| 一级毛片免费全部播放| 78成人精品电影在线播放日韩精品电影一区亚洲 | 男人天堂免费视频| 亚洲高清一区二区三区| 亚洲色婷婷综合开心网| 1000部拍拍拍18免费网站|