Methane is yielded from coal bed methane production.CBM is used in the power generation, commercial, residential, industrial, and transportation sectors,as it is the cleanest burning fossil fuel. In addition, it is easy to store and transport..Most of the CBM global consumption can be attributed to industrial utilization, which has a share of 39%, followed by power generation with a share of 31%. Tight gas and CBM (uncenventional gas) are attracting renewed interest.
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Global CBM production is expected to accent from 3,654 billion cubic feet in 2011 to 5,150 billion cubic feet in 2021 at a CAGR of 3.5% for the same period. Between 2016 and 2021, the CBM market is expected to grow at 5.8%. Russia (34.6%), China (14.7%), Indonesia (14.9%), and Canada (11.1%) are expected to lead the growth in the CBM market.Most of the CBM global consumption can be attributed to industrial utilization, which has a share of 39%, followed by power generation with a share of 31%.
Global CBM Consumption, by Applications, 2010
Source: MarketsandMarkets, EIA
The boost for CBM market is wayed through its capacity for greenhouse gas mitigation, provision of improved safety to the coal mining industry, and opportunity for GHG sequestration and carbon credits. The ongoing natural gas pipeline projects and fossil-fuel importing countries’ efforts to diversify their fuel mix are also drawing interest to the CBM sector. The long dewatering period and the ongoing debate and studies into environmental concerns abates CBM development. The CBM sector provides opportunities in the ethylene and NGL manufacturing areas. Further, new coal bearing regions are being opened up to players in countries such as India, China and Indonesia. Various companies and consortiums are studying the feasibility of enhanced CBM production; combined with carbon sequestration. However, this technology is currently only in the testing phase.
Arrow Energy Ltd. (Australia), BG Group PLC (UK), Santos Ltd. (Australia), Origin Energy Ltd. (Australia), BP PLC (UK), EnCana Corp. (Canada), Petronas (Malaysia), Metgasco Ltd. (Australia), and China United Coal Bed Methane Corp. Ltd. (China) are major CBM producing companies. Oil and gas majors including BP (UK) and ConocoPhillips (U.S.) are also acquiring CBM assets in regions with high potential. In addition, Halliburton and Schlumberger are significant oilfield services companies that participate in CBM development.
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