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Print[Ferro-Alloys.com] Reuters reported that China is spending USD 14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.
As China triples natural gas use to around 10% of total energy demand by the end of the decade, it needs to find fresh sources of supply if it wants to avoid costly imports from Australia, Indonesia, Qatar and Turkmenistan.
The first of four pilot CTG projects should ship gas by the end of the year, ramping up to 15 billion cubic metres a year by 2015 or around 7% of China's gas demand.
If achieved, this level of output would put CTG on par with China's booming coal seam gas sector and ahead of nascent shale gas.
Imports now meet a quarter of China's gas demand of some 120 bcm last year, a share industry experts forecast to expand to 40% by the end of the decade.
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