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    China's Jan-Sep CBM Extraction Up 9% on Year

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Summary

China extracted more coal bed methane (CBM) during the first nine months of 2014 compared with the same period last year, Xinhua reported Saturday citing government data.

by: shardul

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Asia/Oceania

China's Jan-Sep CBM Extraction Up 9% on Year

China extracted more coal bed methane (CBM) during the first nine months of 2014 compared with the same period last year, Xinhua reported Saturday citing government data.

During Jan-Sep, total volume of CBM extracted stood at 12.6 billion cubic meters, up 9 percent on year, according to the data.

The country put 5.5 billion cubic meters of CBM into use during the same period, accounting for 42.65 percent of the total output, the National Energy Administration (NEA) said in a statement on its website Saturday.

Gas production from drilling stood at 2.7 billion cubic meters, while the remaining 9.9 billion cubic meters were extracted from coal mines.

China's CBM reserves are estimated at 36.8 trillion cubic meters, ranking as the third largest in the world after Russia and Canada.