Natural gas is China's fastest growing major energy source. There is a large potential for growth in China gas consumption as it services rapidly growing power, city gas and industrial sector demand.
China presents a significant opportunity for Dart Energy with strong expected growth in gas demand, established supporting infrastructure and attractive netback gas pricing.
Dart Energy's strategic theme for China:
- Dart Energy has conducted extensive market studies of all the key CBM basins in China and is focusing its exploration activities on two key areas: Xinjiang Autonmous Region in western China and Shanxi and Shaanxi Provinces in central China.
- Focus on securing and maintaining relationships and partnerships with local oil, gas and coal companies, in particular state-owned enterprises, which can deliver in-country expertise and assist with access to tenements.
- Take a multi-tiered approach by seeking greenfield CBM development via PSC particpation, farming in to existing CBM projects and establishing coal mine methane / degassing projects.
China business development activity:
- Dart is in the process of evaluating additional new PSC prospects and potential farm-in opportunities in various parts of China. A number of prospective blocks have been identified and discussions are ongoing. Local management is also tasked with maintenance and leveraging strategic relationships with a view of creating further business development options.
Dart's China asset portfolio
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