Global Coalbed Methane Market Outlook to 2022 - Market Analysis by Geography, Application, Fracturing Fluids, Competitive Landscape, Key Company Information - Growth Trends and Forecasts
From hazard to environmental challenge to energy resource that is how the perception of gas contained in coal beds has evolved. Coal bed methane can be found almost anywhere there is coal. Considered a dangerous nuisance in the mining industry, it has potential as an abundant clean energy supply to help replace other diminishing hydrocarbon reserves. Mine safety, green house gas emissions (GHG) and air quality will continue to be concerns. But since the early 1980s, coal bed gas has increasingly been viewed as a valuable energy resource. Though its contribution to the total energy mix is still modest, coal bed methane (CBM) has impressive potential. It will supplement conventional natural gas supply, adding another environment-friendly component to the total energy mix.
Development of the coal bed methane will surely accelerate, as more is learned about the behavior and as innovative techniques were applied. On the demand side, coal bed methane will be welcome in the market. The worlds appetite for gas is expected to grow faster than total energy demand, driven in part by a preference for gas instead of oil or coal.
CBM reservoirs are different from conventional reservoirs in a number of ways, but the primary differences are water production and gas-storage mechanism. Hydrocarbon-storage capacity in most oil and gas reservoirs is related to porosity because gas is trapped and stored in the pore systems of the matrix. Coals have moderate intrinsic porosity, yet they can store up to six times more gas than an equivalent volume of sandstone at a similar pressure. Gas-storage capacity is determined primarily by a coals rank. Higher rank coals bituminous and anthracite have the greatest potential for methane storage.
However high-gas storage capacity is not required for successful commercial operations. Coal bed methane development has the full range of energy production challenges: technical, economic, environmental and regulatory. The solution to many of these lies in a better understanding of the reservoir and the effective application of available technology. There are several elements to the economic challenge. In the early stages of a project, large quantities of water must be pumped from the formation while little revenue-producing gas is being recovered. That makes an early, accurate assessment of the projects economic potential especially critical.
Pumps, while modest in size and power requirements compared with oil pumping equipment, must be capable of handling water, gas and abrasive coal fines. The largest proven recoverable coal reserves, according to the latest published data, are in the USA (28.6%), followed by Russia (18.5%), China (13.5%), Australia (9.0%) and India (6.7%). Shallow coal deposits in many areas, such as in the UK and in some other European nations, have been extensively mined, yet deep coal seams beyond the reach of mining operations present opportunities for development. Even with little minable coal remaining, the UK still ranks sixth worldwide in estimated CBM reserves.
What the Report Offers
1)Market Definition for the specified topic along with identification of key drivers and restraints for the market.
2)Market analysis for the coal bed methane Market, with region specific assessments and competition analysis on a global and regional scale.
3)Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4)Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5)Identification and analysis of the Macro and Micro factors that affect the coal bed methane market on both global and regional scale.
6)A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.