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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (204)	6/12/2001 3:51:16 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Canadian energy industry betting big on coal gas June 7, 2001 individual.com By Ian McKinnon CALGARY, Alberta (Reuters) - Canadian petroleum producers are betting big on obtaining natural gas from shallow coal seams, with proponents saying Thursday the unconventional supply may compete with multibillion-dollar Arctic projects to quench North America's thirst for gas. The United States, the world leader, derives 7 percent of its annual gas production of almost 20 trillion cubic feet (TCF) from coal gas. Australia has a small amount of commercial production, while other countries including India, Poland, Britain and the Czech Republic are conducting pilot projects or tests. A rich tax incentive in the late 1980s and early 1990s spurred U.S. coal gas production. Less favorable coal reservoir characteristics, low gas prices and ample conventional resources, an overhang from mandated surpluses under regulation that ended in 1985, caused Canadian firms to overlook coal gas.