June 10, 2008
Revitalisation of Coal Seam Methane in UK
Analysis of:
Eden Secures Increase in UK Petroleum/Coal Seam Methane Licences | www.oilvoice.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: The price of gas throughout the world has risen dramatically and the commercial potential of coal bed methane is being re-examined. The main new source is Australia but other countries are following. Europe with its need for gas and a history of mining may be the next major area.
Analysis: Coal seam methane is not new to the UK. It was active about 10-20 years ago when gas prices began to rise. However the business failed to take off partly due to planning issues and partly due to low gas prices.
Now gas prices are going through the roof there is a renaissance. The question isn whether there is enough coal seam skills to supply all the world's projects.
Analysis: Coal seam methane is not new to the UK. It was active about 10-20 years ago when gas prices began to rise. However the business failed to take off partly due to planning issues and partly due to low gas prices.
Now gas prices are going through the roof there is a renaissance. The question isn whether there is enough coal seam skills to supply all the world's projects.
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