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June 10, 2008

Revitalisation of Coal Seam Methane in UK

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Rowland Sheard, Managing DirectorRowland Sheard
Managing Director, Energy Links Consultancy
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.


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