OTCPK:LLEN - Post by User
Post by
chsharpeion Nov 24, 2012 3:57pm
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Post# 20640007
Betting on black: China risks $14 bln on coal-to-g
Betting on black: China risks $14 bln on coal-to-g https://www.szwgroup.com/wccwchina2012/newshow55.asp
'China is spending $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 percent 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.'
Sharpei