China discovers Asia's biggest gas field in Chongqing

Discussion in 'Politics & Society' started by Quickgun Murugan, Oct 26, 2009.

  1. Quickgun Murugan

    Quickgun Murugan Regular Member

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  3. Quickgun Murugan

    Quickgun Murugan Regular Member

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    China Discovers Large Gold Mine in Qinghai


    » A very large gold mine has been discovered in China's western Qinghai province, according to a government official.
    » However, the official said 83 percent of the mining rights in the area have already been acquired by Canada's Inter-Citic through a joint-venture company that discovered the mine.



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    Seems like the Chinese are hitting jackpot these days.
     
  4. Quickgun Murugan

    Quickgun Murugan Regular Member

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    China Discovers 35 Billion Tons Of "Flammable Ice"


    China has discovered a big block of methane hydrate, or as it is more awesomely known, flammable ice, Caijing reports.

    The discovery is of 35 billion tons, which could be pulled in the next 10 to 15 years. Not exactly something to get thrilled about now, but a nice find for down the road:

    Stable only at low temperatures and high pressure, methane hydrate is made up of crystalline solids. It has a high energy density
    and one cubic meter produces as much energy as 164 cubic meters of natural gas, according to Zhang. The frozen gas is being contemplated as a possible replacement to fossil fuels such as coal, petroleum and natural gas. It is regarded as the most promising strategic resource in the 21st century.

    Gas hydrates exist in large quantities either in the seafloor or below the tundra at high latitudes, at twice as much the combined volume of coal, petroleum and natural gas. In 1965, reserves were found for the first time by the Soviet Union below its permafrost in the Siberian region.

    China has the world's third largest area of tundra, which covers 2.15 million square kilometers. Samples of gas hydrate were successfully collected from the South China Sea in 2001, making China the world's fourth country to find reserves of flammable ice in the seafloor, following the United States, Japan and India. Chinese scientists estimated that the potential volume of the gas hydrate in China exceeds 35 billion tons in oil equivalent.
     
  5. Vladimir79

    Vladimir79 Defence Professionals Defence Professionals

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    Pfft... 120 bln cm is nothing... South Pars has 14 trillion cm in reserves and that doesn't include the trillions owned by Qatar in the same field. Last time I checked, they were in Asia. More CCP propoganda.
     
  6. Rage

    Rage DFI TEAM Stars and Ambassadors

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    So why are you so ecstatic?
     
  7. Rage

    Rage DFI TEAM Stars and Ambassadors

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  8. sob

    sob Moderator Moderator

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    Chinese Gas field find

    Interestingly Sinopec the company that is supposed to have discivered the oil field is not sure of this news.

    Sinopec Investigates Report of China Gas Discovery in Chongqing - Bloomberg.com
     
  9. Quickgun Murugan

    Quickgun Murugan Regular Member

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    :swtf: This is just a news article I posted.

    Also, China discovering natural energy is good for India too. Both the countries are craving for energy and as long as there is lesser competition, it is good for us too.
     
  10. Rage

    Rage DFI TEAM Stars and Ambassadors

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    No ill, I'm just wondering at the funky hand sign you got goin on there. Usually, a 'thumbs up' means that you're personally overjoyed at the happenstance.



    China's discovery of 120 bln. m^3 of gas is not likely to mitigate its quest for energy sources in any significant way. China's foreign cravings are based on a policy of consolidation of fields in resource-rich states for future potential energy use. Also, with the expansion of the Chinese People's Political Consultative Conference and the inclusions of business leaders in institutions such as the Foreign Affairs Leading Small Group, business has never had a larger role in shaping foreign policy. Implicitly, that sufficiency is not the only consideration for basing energy-resource based foreign policy. :pleasantry:
     

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