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          BIZCHINA> Top Biz News
          Flammable ice a hot prospect for future energy
          By Wang Qian (China Daily)
          Updated: 2009-10-30 08:07

          No country has been able to produce the resource commercially due to the challenging conditions of the gas hydrate and the unpredictable environmental impact.

          So far, China does not have a specific commercial exploration plan, Zhang said.

          Energy experts told Wenweipo earlier this month that the government will invest more than 1 billion yuan ($146.45 million) to accelerate its exploration and realize commercial production in tundras around 2030.

          China started gas hydrate research in the late 1990s.

          Related readings:
          Flammable ice a hot prospect for future energy China prudent over tapping combustible ice: project leader
          Flammable ice a hot prospect for future energy Hu stresses development of renewable energy
          Flammable ice a hot prospect for future energy China hopes to improve int'l energy cooperation
          Flammable ice a hot prospect for future energy Domestic firms face tough battle for top oil assets

          On May 1, 2007, the country collected its first gas hydrate samples in the South China Sea, becoming the world's fourth country to confirm its findings under water after the United States, Japan and India. Analysis showed there are about 16 billion cu m of gas hydrate in the area.

          Last month, China confirmed the existence of the resource in Qilian Mountain in Qinghai province, becoming the world's third country to confirm its finding in tundras after the US and Canada. The estimated potential gas hydrate in China's permafrost is about the equivalent of more than 35 billion tons of oil.

          Gas hydrates have been found in nearly 80 countries and regions and more than 30 countries have begun searching underwater for the resource, with the US and Japan leading the world's marine expedition for gas hydrates.

          China has pledged more investment in developing alternative energy resources, including biomass fuel, liquefied coal and flammable ice. 


          (For more biz stories, please visit Industries)

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