China Approves $149 Million Coalbed Methane Pipeline Project
BEIJING (Reuters) — China's state planner has approved a 960 million yuan ($149 million) coalbed methane pipeline project linking the northern provinces of Shanxi and Shaanxi, the National Development and Reform Commission said in a statement on Friday.
The 74.1 km (46 mile) pipeline is designed to transmit 2 billion cubic meters (bcm) of gas each year and will be managed by China United Coalbed Methane Corp, a subsidiary of China's CNOOC.
The project is part of the gas pipeline connecting Shenmu city in Shaanxi province and Anping county in Hebei province. China's state planner approved another part of the pipeline in 2019, from Shanxi to Hebei, with annual transmission capacity of 5 bcm.
The cross-region pipeline aims to help boost the development of coalbed methane, a form of natural gas extracted from coal beds.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments