Economic evaluation of coalbed methane production in China

Roaring natural gas demand, energy security and environment protection concerns coupled with stringent emission reduction requirement have made China's abundant coalbed methane (CBM) resource an increasingly valuable energy source. However, not all of China's CBM resource is economic to de...

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Bibliographic Details
Published in:Energy policy 2009-10, Vol.37 (10), p.3883-3889
Main Authors: Luo, Dongkun, Dai, Youjin
Format: Article
Language:English
Subjects:
Alternative energy sources
Applied sciences
China
China, People's Rep
Coalbed methane
Economic analysis
Economic data
Economic development
Economic evaluation
Economic evaluation Coalbed methane China
Economics
Emission control
Emissions control
Energy
Energy economics
Energy policy
Energy sources
Environmental protection
Exact sciences and technology
Fossil fuels and derived products
Gas
General, economic and professional studies
Methane
Natural gas
Nuclear polyhedrosis virus
operating costs
Power generation
Pricing
Production costs
Q1
Q2
Q3
security
Studies
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Summary:Roaring natural gas demand, energy security and environment protection concerns coupled with stringent emission reduction requirement have made China's abundant coalbed methane (CBM) resource an increasingly valuable energy source. However, not all of China's CBM resource is economic to develop under current technological condition and economic situation. In order to locate the CBM resource with economic viability to develop in China, economic evaluation of CBM production is conducted by applying net present value (NPV) method. The results indicate that more than half of CBM resource in China is economic to develop. It shows that CBM price, production rate and operating costs are the three major factors with most impact on the economic viability of the CBM development in target areas in China. The result also demonstrates that the economic limit production is roughly 1200 cubic meters per day. These economic evaluation results provide important information for both CBM companies and China government.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2009.06.049