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CNOOC to hike natural gas production

By Si Tingting and Wang Bo (chinadaily.com.cn)
Updated: 2009-07-04 11:50

China National Offshore Oil Corp (CNOOC) has selected two major coal-to-gas projects which are expected to help increase the company's gas production to 10 billion cubic meters in the next five years, Fu Chengyu, president of the company, told chinadaily.com.cn Saturday in Beijing.

"Developing coal-based clean energy is of great significance in solving China's energy problem," Fu said on the sidelines of the Global Think Tank Summit.

The coal-to-gas technoligies could improve energy efficiency by 10 percent than directly using coal to generate power, and could substantially reduce carbon dioxide emission, he said.

The first Global Think Tank Summit will be held in Beijing from July 2-4, where close to 100 top-notch think tanks from home and abroad will be represented, including the Brookings Institution.
Main Forum
International Financial and Economic Crisis and Global Economic Outlook
Sub-Forums
I:  Promoting Trade Liberalization and Investment Facilitation
II: Sustainable Development and Macro-economic Policies
III: Cooperation and Responsibilities of Multinationals during the Financial and Economic Crisis
IV: Global Consumption, Savings and Financial Security
V:  Idea Exchange with Global Think Tanks on Key Economic Issues
Agenda
Afternoon of July 2 - Opening Ceremony
July 3 - Main Forum
July 4 - Parallel Sub-Forums
 
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