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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (47471)	6/16/1999 11:33:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 86076

Got Gas? China plans to almost triple gas use by 2010 SINGAPORE, Reuters World News, June 16 Natural gas is expected to take up six percent of China's energy mix by 2010, compared with 2.3 percent in 1998, Chinese industry sources said on Tuesday. They said environmental concerns and plans to build a cross-country pipeline network would increase gas use. "The oil shortage and concerns over environmental protection have drawn increasing attention to the government, producers and consumers to use natural gas as an ideal energy substitute," said a senior researcher with Beijing-based Energy Research Institute (ERI). The biggest source of energy in China is currently coal, followed by oil. China's prospective gas reserves were estimated at 38 trillion cubic meters, of which five percent were proven. An ERI forecast puts China's natural gas consumption at 90 billion cubic meters by year 2010, of which power generation is expected to account 39 percent, industry 41 percent and households 20 percent. China consumed around 24 billion cubic meters of natural gas in 1998. By 2010, China would be producing 70 billion cubic meters of natural gas. The shortage at around 20 billion cubic meters will have to be met by importing liquefied natural gas and piped gas from western Siberia, industry experts said. "All of a sudden natural gas has become a hot cake, especially with the cross-country gas pipeline project now in the spotlight," said the researcher. The industry has since 1998 mapped out a master plan to build several trunk lines in the next decade aimed at moving natural gas from the gas-rich western basins to key consuming areas in the east. The project, a venture involving several companies and government bodies, calls for an estimated investment of 49 billion yuan ($5.9 billion) at a payback period of nine years, they said. The project would be built by 2010. REUTERS - Chen Aizhu, singapore.newsroom@reuters.com