Skip to main content

The Song of 'Fire Ice': China Claims Revolution in Energy Extraction



As China celebrates its success in extracting natural gas from ‘fire ice’, it’s still unclear whether Beijing has made a significant technological achievement and revolutionized the energy industry.

Earlier China proudly announced that the country for the first time managed to successfully extract natural gas from methane hydrate deposits located in South China Sea near the delta of the Zhujiang river, and that the amount of extracted natural gas has exceeded all expectations.

But while Beijing hailed this accomplishment as a historic breakthrough that ushers a new era in the energy industry, many prominent analysts around the globe regarded the celebration as premature.

Igor Yushkov, lead analyst at the National Energy Security Fund, told Sputnik that China’s achievement can be compared to the new technologies developed in the US which made the shale gas extraction economically viable.

"And here’s the difference. China triumphantly reports the beginning of the ‘fire ice’ extraction but at the same time keeps quiet about how much it actually costs. 

This, of course, raises further questions because the cost of the extracted raw materials is what matters the most. 

It is the price, and nothing else, that will determine the commercial success of this Chinese technology and of the ‘fire ice’ extraction process overall," Yushkov said, adding that Japan launched natural gas extraction from methane hydrate deposits back in 2013 but chose to suspend the operation because the new technology proved too expensive.

According to the analyst, China is well aware of this, and there are basically two reasons why Beijing chose to portray the successful implementation of the new process.

"It appears that the closer we get to the beginning of the 19th National Congress of the Communist Party of China where partial changes in the country’s leadership will take place, the more good news appears in Chinese media. 

From a propaganda standpoint, everything was done pretty smoothly. 

Chinese authorities seek to persuade their citizens that everything is fabulous in the country, which means that the people at the helm are doing their job right," he said.

The other reason, according to Yushkov, is pure economy, as the reports about China’s “historic breakthrough” natural gas extraction from methane hydrates came at "just the right time."

"Behind these reports is a veiled attempt to influence the prices of foreign natural gas suppliers, including Russia’s Gazprom which is currently negotiating new shipments with China. 

The price issue is very important to China as the amount of natural gas that the country imports increases each year. So the bombastic rhetoric and the lack of the most important info in the reports about China’s success in methane hydrate natural gas extraction leads one to believe that this event, which is being presented to the global community as a revolution in the energy industry, is largely a media project of the state-controlled Chinese news agencies," Yushkov surmised.

Methane hydrates are solid ice-like crystals formed from a mixture of methane and water at specific pressure and conditions, usually under hundreds of meters of water, or closer to the surface in Arctic permafrost. 

According to the US Energy Information Administration (EIA), worldwide reserves of global hydrate resources are estimated to range from 280 trillion cubic meters (10,000 trillion cubic feet) up to 2,800 trillion cubic meters (100,000 trillion cubic feet), more energy content than all the world's coal, oil and natural gas combined. 

At the current consumption rates globally, methane hydrate reserves could meet global gas demands for anything from 80 to 800 years.

Comments

Popular posts from this blog

Armenian protesters block traffic, railways & airport as protest leader loses PM bid

Anti-government protesters disrupted traffic in Armenia’s capital, blocking railways and roads leading to Yerevan International Airport, after the parliament voted against opposition leader Nikol Pashinyan’s bid for interim PM.
Protesters managed to block streets connecting downtown Yerevan to residential districts, disrupting transportation in Armenia’s capital, footage from the scene shows. 
Yerevan’s metro system has also been paralyzed as demonstrators sit on the tracks, preventing trains from passing.
Meanwhile, protesters disrupted traffic on a road leading to Yerevan’s Zvartnots International Airport, located just 12km from the center of the city. 
Consequently, some passengers had to go the rest of the way on foot in order to catch their flights, according to Sputnik news agency.
Railway services have also been disrupted all across the country amid the demonstrations, a spokesman for South Caucasus Railways confirmed to Interfax. 
Some other highways, including the one connecting th…

Iran Killing Command: The use of firearms in dealing with protesters

The document you see on the image is the order of the commander of the Tehran repressive force to all the units based in the city.

Based on this agenda, the mercenaries of the corrupt government Islamic Republic of Iran have been allowed to use firearms in the event of any protest movement against people by the regime.
This is a murder command.
The repressive force of the law, known to the world's famous police and guardians, should protect the lives of its citizens, by freeing their mercenaries, they allow them to murder Iranians who are protesting the corruption in the government and you have the important message that if you come to the streets in protest of corruption and torture and massacre, we will kill you.
Because, according to criminal Khomeini, maintenance of the system is obligatory.
A corrupt government that is so hideous that spend billions of dollars from the national treasury and popular capitalto the suppression of its people and the countries of the region, must be ov…

ایران فرمان قتل : دستور استفاده از سلاح گرم در برخورد با معترضان

سندی که در تصویر میبینید دستور فرمانده نیروی سرکوبگر انتظامی تهران به همه یگانهای مستقر در این شهر است.
بر اساس این دستور کار ، مزدوران حکومت فاسد نظام جمهوری اسلامی اجازه یافته اند که درصورت بروز هرگونه جنبش اعتراضی از سوی مردم علیه رژیم ، از سلاح گرم استفاده کنند.
این دستور یک فرمان قتل است.
نیروی سرکوبگر انتظامی که به ظاهر و تعریف شناخته شده پلیس در سراسر جهان ، میبایست حافظ جان شهروندان باشد ، با آزاد گذاشتن دست مزدوران چکمه پوش خود انها را مجاز به قتل ایرانیان معترض به فسادهای موجود درلایه های حکومت میکنند و این پیام مهم را در خود دارد که اگر در اعتراض به  فساد و شکنجه و کشتار به خیابانها بریزید شما را خواهیم کشت.
چرا که به گفته خمینی دجال، حفظ نظام از اوجب واجبات است.
حکومت فاسدی که انقدر وقیح هست که میلیاردها دلار از خزانه ملی و سرمایه مردمی را صرف سرکوب مردم خود و کشورهای منطقه میکند باید سرنگون کرد.
اکنون چهل سال است که کشور ما به اشغال این ملایان جنایکتارخونخوار و اسلام تحمیلی در آمده است .
هنوز باورش برای برخی سخت است که درک کنند کشور ما به معنای واقعی کلمه از سوی بنیادگرایان الله…