|China Exploits 'Combustible Ice' as Energy Source|
|by Tom McGregor||Thu, Jul 31, 2014, 12:13 AM|
BEIJING: Chinese oil & gas companies have uncovered large deposits of methane, called 'Combustible Ice,' deep in the South China Sea.
China Radio International reports that, "New plans are being worked out by Chinese authorities to exploit so-called 'combustible ice' in the South China Sea in 2017. The suggestion has been made at an international conference on Gas Hydrates here in Beijing."
Zhang Haiqi, director of China Geological Survey, is quoted as saying that, "China is one of the few countries with great prospects for the resource in the world. There are about 10-billion tons of oil equivalent on both the land and sea, which is equal to the total amount of oil and natural gas reserves in China."
According to CRI, "'Combustible ice' is essentially solidified methane. Originally only thought to be found on the outer reaches of the solar system, scientists have since discovered significant pockets of 'combustible ice' underneath the world's sea beds."
Vietnam is fighting China for territorial sea rights in the South China Sea.
To read the entire article from China Radio International, link here:
|< Prev||Next >|