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The development and utilization of CBM "1025" plan "upcoming law, finance and tax subsidies will greatly improve, the exploration risk fund is expected to set up, vanda coal foreign specializes in a series of six-month monopoly was broken good policies, China's development and utilization of CBM scale are expected to increase exponentially.
Analysis thinks, although the industry chain link will benefit from the development and utilization of CBM industry, but rich of coalbed methane resources of coal mining enterprises and gas chemical enterprise should be preferred benefit plate.
Multiple factors in the "eleventh five-year plan" of Chinese CBM development progress is slow
"" the end, our country CBM exploration is about 8.6 billion cubic meters, the total amount of total to 3.406 billion cubic meters, far from reach the eleventh five-year plan" smoke CaiLiang should amount to 10 billion cubic meters, LiYongLiang amounts to 8 billion cubic meters "goal.
Chinese CBM use slow reasons are: one is the right of mining and gas extraction right ore right overlap. Gas extraction right is land and resources, and by of coal mining right (with annual output of 1.2 million tons of the following) provinces can batch. This can make the right of recovery may not be able to get to the coal mining rights, and get the right of mining may not necessarily have right of recovery. A domestic CBM industry development in Shanxi Province from the investigation report points out, gas is the central, coal is the right place, two main separation, and the lack of effective coordination. This is undoubtedly formed CBM exploration disorder, and achieved, wasting resources, serious important reasons.
2 it is preferential policy emphasis in the sales link, and ignore the exploration and development. The "eleventh five-year plan" China launched a package of support the development of coalbed methane preferential policies and measures. For example, to 0.2 yuan/cubic meters financial subsidies for CBM exploration enterprise; CBM extraction enterprise will enjoy VAT first levied back policies; CBM enterprise imported equipment shall be exempted from customs duties and import value-added tax; The government to provide 3 billion yuan each year Treasury funds for coal mine safety technical renovation programs, including most of the funds used in coal mine coalbed methane management and so on. Ami coalbed methane Co., LTD mainland vice President LiJing when accepting a reporter to interview, said subsidies and tax refund is directed at the sales link, only to can enjoy, gas recovery "and the exploration and no preferential policy, this part of the investment is pure investment, risk is big, all by enterprises themselves."
Three is restricted the development cycle. Since our country in the "eleventh five-year plan" started the coalbed methane exploration and development scale. At present, the ground CBM development of the larger domestic enterprise mainly sinopec, petrochina, cnooc, henan CBM company, etc. But exploration itself need time, such as eia project examination and approval for two to three years, land expropriation time cannot be determined more. For example, "the coalbed methane's-fraternity" pipeline engineering construction, scheduled to formally started in July 2010 operation, but because the land compensation can not reach an agreement and has not been put into use. In addition, our country, the coalbed methane key technology is still not fully grasp. LiJing said China itself different basin of the geological condition have very big difference, different storage conditions require different exploration technology, but to introduce technology in China is given priority to, the need to constantly, until the trial and error to find suitable technology, it will take time.
"1025" of coalbed methane is set to double scale
In the development and utilization of CBM "1025" plan "says, the next five to 10 years, proven CBM geological reserves will enter the rapid growth, by 2015 and 2020 respectively new verified geological reserves of 1 trillion cubic meters and 2 trillion cubic meters. By 2015, Chinese CBM smoke CaiLiang target for overall 21 billion cubic meters, of which the ground for 9 billion cubic meters, smoke CaiLiang smoke CaiLiang for 12 billion cubic meters underground. This is the "eleventh five-year plan of the two times more goals.
One is the finance and tax preferential more comprehensive. The reporter understands, although planning for industry of concern to the mine overlap has made arrangements to right, but finance and tax preferential policy is expected to greatly improved. The past similar mining cubic meter of every enterprise 0.2 yuan, subsidies and 1 KWH electricity subsidies every hair of 0.25 yuan policy is expected to improve mining subsidies, 0.4 yuan/m3, mentioned coalbed methane power subsidies to $0.35 / mention KWH. And, first put forward in the planning of set up the exploration risk funds. Coal information institute, director of the research centre ZhaoGuoQuan coalbed methane exploration risk fund, said the establishment and development of the common use of stage also important, will greatly promote the CBM industry development.
The second is to break the monopoly of foreign specializes in industry. At present, vanda coal monopoly situation of foreign franchise is broken, the oil, sinopec, cnooc, henan CBM, etc to join the competition. Only in a announced that oil plan in the next few years investment more than 10 billion yuan, the expansion of production capacity for CBM, is expected to yield 2015 CBM reached 4.5 billion cubic meters.
In addition, the exploration into the coal-bed methane projects in China harvest. At present, our country has ooze south, south PanHe, odors higher-permeability lianmuqin analyzed and liaoning fuxin south four demonstration projects of coalbed methane into the commercial development stage. Ami coalbed methane Co., LTD mainland vice President, said the company LiJing coal-bed methane projects after 10 years of operation of the commercial production is about to enter, at present, the horse wall project higher-permeability has already been reported the national development and reform commission approval, is about to enter, but the capacity of 600 million cubic meters or so can reach.
Coal mining enterprises and gas chemical industry obvious benefit
Analysis thinks, although the industry chain link will benefit from the development and utilization of CBM industry, but each link benefit had different degree. Rich of coalbed methane resources of coal mining enterprises and gas chemical enterprise should be preferred benefit plate.
From the development and utilization of CBM industry to see, the country through the financial subsidies to promote the development and utilization of CBM way the formation of the industry, will be good for the exploitation of coal-bed methane upstream of the development and related technical equipment provider, middle of the gas pipeline construction and related technical equipment provider, and downstream of the industrial application or civil consumptive terminal equipment or service provider, of course, because of the coalbed methane terminal consumer price relatively cheap, this to the lower reaches of chemical fertilizer producers, especially for its control to the cost of production.
Therefore, the upstream of the coal enterprise for rich of coalbed methane resources will enhance the additional use value, the coalbed methane improve its gross margin and the profit level, in the middle of the oil, sinopec, cnooc having the pipeline will greatly benefit from the resources and the development of the CBM industry, the lower reaches of coalbed methane (CBM) generation company, power generation equipment provider, instrument manufacturers, fertilizer chemical manufacturing industries will also benefit from the development of the CBM industry, and each link on middle and lower reaches of the technical service or equipment manufacture provider will also benefit from the development of the industry, such as mine equipment and technology service company, pipeline construction of the civil service provider, etc.
As each enterprise mining intensified efforts, some CBM exploration and power generation to the technology and equipment suppliers will then benefit, as the days of shares and oil, JiChai such enterprise in the field of technical equipment in CBM business is expected to continue to grow.