Coal-rich Chinese province extracts 1.71 bln cubic meters of coalbed methane

Time:2023-03-21 11:06:57      Source:Xinhuanet.com
China's coal-rich province of Shanxi extracted 1.71 billion cubic meters of coalbed methane in the first two months of this year, accounting for approximately 82.6 percent of the country's total, according to the provincial statistics bureau.
 
"Last year, the company put more than 350 coalbed methane wells into operation. The annual production capacity of the company's coalbed methane fields has so far reached 2.1 billion cubic meters," said Hu Qiujia, manager of PetroChina Huabei Oilfield's Shanxi coalbed methane branch.
 
The utilization of coalbed methane, which is a byproduct of coal, can help reduce risks in mining, cut greenhouse gas emissions and ease gas shortages.
 
Shanxi is one of the Chinese regions abundant in coalbed methane resources. It has an estimated reserve of 8.31 trillion cubic meters of coalbed methane up to 2,000 meters below ground, accounting for about one-third of the country's total.
 
By 2025, Shanxi aims to have extracted 20 billion to 25 billion cubic meters of coalbed methane, according to the province's 14th five-year development plan for 2021 to 2025.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-16
Shuozhou 5200 435 0 FOR 06-16
Ordos 5500 415 0 ex-mine 06-16
Yulin 6200 535 0 ex-mine 06-16
Liulin Low-sulphur 560 -10 ex-mine 06-16
Gujiao Low-sulphur 1095 0 FOR 06-16
Xingtai Low-sulphur 1210 0 ex-Factory 06-16
Yangquan PCI 770 0 FOR 06-16
Index RMB/t WoW WoW% Date
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