Unconventional gas is becoming increasingly popular across the Asia-Pacific, as demand for natural gas grows throughout the region’s major industrialised nations, states a new report from business intelligence experts GlobalData.
The new reportlooks at Coal Bed Methane (CBM), otherwise known as Coal Seam Gas (CSG), which has similar properties to natural gas, is extracted from coal seams and represents an important unconventional source of gas.
Asia-Pacific is a major natural gas market, with the potential to become the largest gas market in the world in the future. The existence of substantial coal reserves, particularly in Australia, China and India, provides opportunities for companies to undertake CBM exploration and development activities. The region holds 265,843 Million Tons (mmt) of proven (1P) coal reserves as of 2011, leading the region to rank second after North America in global reserves.
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