Australian Shares Sparty's Blog
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Main Forum•China, Shale and ASX: SEH
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China Plans to Produce 6.5 BCM of Shale Gas in 2015, CNPC Says
By Bloomberg News - Feb 9, 2012 3:14 PM GMT+1000- China plans to produce 6.5 billion cubic meters of shale gas in 2015, the nation’s biggest energy company said.
- The country plans to produce 21 billion cubic meters of coal-bed methane in 2015, state-owned China National Petroleum Corp. said in its annual report on the oil and gas industry released today.
http://www.bloomberg.com/news/2012-02-09/china-plans-to-produce-6-5-bcm-of-shale-gas-in-2015-cnpc-says.html
One Australian company seems to be already in action in China and has very large prospects.
Read more about SEH
The market seems to like them.
I hold SEH
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The new energy is gas
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Hmmm my view is Gas, Uranium and ultra-clean liquid fuels derived from coal. Plus distributed solar and perhaps centralised wind. Of interest are the new mass storage technologies.
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There is also Fuel Cell Technologies (CFU) that converts 60 to 80% of the potential energy from gas into electricity and useable heat in the form of hot water, compared to the 20 − 30% conversion from a gas power station. These units run 24hrs/365days/year, are the size of a hot water heater and in England are accredited to attract a tariff for putting electricity back into the grid.
Note: I own CFU shares.
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Another energy source is wave energy.
How is this for the height of stupidity: The Victorian government had the opportunity to choose Carnegie's (CWE) wave energy based desalination plant that could be swapped over to an electricity producing plant when water was plentiful. Instead they chose a desalination plant that will cost Victorian residents $600 per year even when the plant is not used. After recent downfalls it is expected that the desal plant will not be needed for at least 8 years.
During that 8 years CWE's wave energy plant could have allowed the Victoria to shut down Hazelwood: the least efficient, most polluting coal plant in Australia, and put in place a new power source.
Staggering
Alite
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So far wave energy has been difficult but I agree that it is another valid alternative energy source that will see the light of day. But the money boys are into gas in a big way and that could hold it back for some time yet.
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I wonder if Energynews.net are referencing SEH?
China’s next boom
Exclusively for Premium Subscribers
A COMPANY which discovers a gas resource in or near China will set the stock exchange alight, as Blake Wilshaw finds out. -
SEH? I need to do the research. Wait to see.
Wave energy has not been difficult: it has been set up as the major power source on a W.A island without issue.
Victoria has a monstrous desal plant that will cost every Victorian $600 every year and yet is NOT NEEDED.
A plant that could alternate between producing water and energy was an option.
I am appalled with the bad choice made by the Bracks Vic government.
I'd prefer that there was no state government.
Ro
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The following article makes the SEH team look pretty clever:
(Reuters) - China will exclude foreign firms from bidding in its second tender for shale gas blocks, despite a need for overseas technology to help exploit massive reserves of gas trapped within shale rock formations in the world's top energy user.
China launched its shale gas push in late 2009, inspired by a shale boom in the United StatesShale gas development in still at the early stage in China, where technically recoverable reserves of the unconventional fuel are estimated to be even higher than in the United States.
In its first public disclosure of requirements for bidders, the Ministry of Land and Resources said only domestic firms with registered capital of more than 300 million yuan ($47.43 million) could bid.
Read full story here
More about Sino Gas & Energy
Ordos Basin Shale
I hold SEH
