Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•Sino Gas & Energy (ASX SEH) China's energy bank
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There has been a virtual explosion of interest into shale gas with my in-box getting 12 articles about it today.
The Times article The Benefits and Costs of a "Golden Age" of Natural Gas and Fracking gives a quite lengthy overview and some great links and tasty bits.
The part about China, reproduced below, got me thinking of ways to play the China gas story and that led me to think about one of my shares ASX: SEH:
Snipett: "Seeing natural gas displace coal will make a real difference—especially in the world's most polluted cities. China has embarked on an aggressive strategy to develop its own unconventional gas resources and bring in more from abroad, not so much for climate reasons—though natural gas is a cleaner fossil fuel—but for health factors. China is faced with a "very grave" environmental situation, as its top green official put it recently. Though there is worry here in the U.S. about the threat that hydofracking gas might pose to water supplies—more on that later—in China, home to 16 of the 20 most polluted cities in the world, that would be an acceptable risk. In fact, it would almost certainly be a welcome tradeoff—as anyone who's spent time in blackened Chinese cities like Beijing or Chongqing would know."
