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China shift to Gas number 1 priority: ASX SEH in sweet spot
Energy firms to cash in on China natural gas demand WASHINGTON China is expected to double its demand for natural gas in the next five years, making it an irresistible market for western companies attempting to export America's energy bonanza and to exploit China's own vast reserves.
Chinese cities are choking in smog, and its government is intent on moving the country away from coal to cleaner-burning natural gas, said Anne-Sophie Corbeau, a senior gas analyst for the International Energy Agency. "This is becoming priority number one," Corbeau said on Tuesday as she presented the agency's forecast at the Centre for Strategic and International Studies in Washington. Western energy companies are hoping to cash in by sending American natural gas overseas. BP last month signed a $20 billion deal to send liquefied natural gas in tankers to China starting in 2019, with much of the supply expected to come from an export plant in Freeport, Texas, that is awaiting federal approval. Oman Tribune read article AS detailed in the article above several countries are trying to become suppliers of gas to China and all have some substantial hurdles to jump. And this brings me to ASX listed Sino Gas and Energy ASX: SEH who are currently developing their 3,000km2 acreage in "China's Energy bank" the Ordos Basin with a gas pipeline already in place to Beijing. Read progress report detailing drilling, production wells etc
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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Huge uplift in volume today following a very successful horizontal drilling giving a flow rate of 4.9mmscf per day
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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