LONDON, May 7, 2013 /PRNewswire/ --

Visiongain's analysis indicates that the CBM market will reach a value of $5.3bn in 2013 as CBM markets in China, India and Indonesia grow and heavy spending continues on CBM development in Australia.

Coalbed Methane (CBM) has been a notable part of the US natural gas market for decades. Today, Australia, China, India and Indonesia are all poised to embark on CBM development that will establish CBM industries of a similar scale. Already a mature industry in America, CBM is now more than ready - from a cost and expertise perspective - to take advantage of very strong natural gas prices in India and across East and South East Asia. What is more, Visiongain anticipates that, over the next 10 years, the CBM industry will expand in both the Eurasian and Sub-Saharan Africa regions.

The lead analyst of the CBM report commented that, 'as spending on CBM development in the US market has declined in reaction to the natural gas price, the capital to be expended in Australia and China to bring CBM resources to market has gone in the opposite direction. CBM-LNG export projects in Queensland are well known, but in addition to these the Chinese government is more determined than ever for CBM to fulfil its potential as a resource. However, more CBM wells are required to reach adequate production levels in both Australia and China than initially anticipated, driving up spending. On top of this are the Indian and Indonesian markets; the first of which is now ready for sizeable development and the latter of which is, in 2013, embarking on multiple pilot production projects. Geology permitting, the extraction techniques, cost and price dynamics are now in place for CBM capex to enjoy strong growth over the next 10 years.'

The report contains 95 tables, charts and graphs that add visual analysis in order to explain developing trends within the CBM market. Visiongain provides forecasts for the period 2013-2023 in terms of capital expenditure (US$) on CBM. In addition to a global forecast, there are six regional markets and six national markets analyzed and forecasted. Within the six regions, the CBM outlook of a total of 30 countries is analysed.

A company's chapter provides detailed analysis and outlooks for the most active companies in the CBM market. Last of all, three interviews with individuals from within the CBM industry provide expert insight alongside Visiongain analysis.

The CBM Market 2013-2023 will be of value to current and potential future stakeholders and/or investors in the CBM industry or the wider natural gas market. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a niche market that will be critical to the development of the global natural gas industry.

Companies Listed

Aberdeen Drilling Management Limited
Adamo Energy Ltd.
Adinath Exim Resources Ltd
AGL Energy
Alkane Energy
Anadarko
Anglo American
Anglo Coal
Apache Corporation
Arrow Energy
Badimo Gas
BG Group
Bharat Petroleum Corporation Limited
BHP Billiton
Bill Barrett
BP
BP America
Canada Energy Partners
Canadian Spirit Resources
Cathy Oil and Gas
CBM Asia Development Corp
Chesapeake Energy
Chevron
China United Coalbed Methane (CUCBM)
Chubu Electric Power
CIC Energy
CNOOC - China National Offshore Oil Company
CNPC - China National Petroleum Company
Coal Gas Mart LLC
Coal India
Coastal Oil & Gas
Coastal Oil and Gas
Colt Energy
Comet Ridge
ConocoPhillips
Consol Energy
Constellation Energy
Dart Energy
Deep Industries Limited
DeGolyer and MacNaughton
Devon Energy
Double Eagle Petroleum
Dragon Capital
Drummond
Eco Atlantic Oil and Gas
Ecopetrol
Eden Energy
Empresa Nacional de Hidrocarbonetos (ENH)
Encana Corporation
Energen
Energy Botswana Ltd
Enerjex
Enervest
Eni
Enviro Energy
Ephindo Energy
EQT Corporation
Essar Energy
Essar Group
Eurogas Inc.
European Gas Limited
European Resources Limited (Kimberley Oil)
Exxaro Resources
ExxonMobil
ExxonMobil Oil Indonesia
Far East Energy
Fortune Oil
Gazprom
GDF Suez
GeoMet, Inc.
Geopetrol International Inc.
Georgian Industrial Group (GIG)
Great Eastern Energy Corporation Ltd (GEECL)
Green Dragon Gas
Greka Drilling
Gustavson Associates
Halliburton
Henan CBM Group
Heritage Petroleum
High Plains Gas
iGas
Independent Resources Group
Indian Oil Corporation Limited
Inpex
Instinct Energy
Intra Energy Corporation Limited
Jincheng Anthracite Mining Group
Jindal Group
Kalahari Energy
Keeper Resources
Kinetiko Energy
KOGAS
Kubu Energy Resources
KUFPEC - Kuwait Foreign Petroleum Exploration Company
L&M Energy
Layne Christianson
Magnum Gas & Power
Marathon Oil Corporation
McCormack Energy
Medco Energi
Meepong Resources
Metgasco
MHA Petroleum Associates
Molopo Energy
Netherland, Sewell and Associates (NSAI)
New Dawn Energy
Newton Energy
Nexen
Nexen Exploration UK
NuEnergy
NV Mijnen
Oil and Natural Gas Corporation (ONGC)
Oil India
Origin Energy
Ormil Energy
Osaka Gas
Park Place Energy
Penn Virginia
Pertamina
Pertamini Hulu Energi
Perusahaan Daerah Pertambangan dan Energi
PetroChina
Petromin Resources
Petronas
PetroQuest
PetroSA
PetroVietnam
PostRock Energy Corporation
PT Caltex Pacific International
PTT LNG
PV Gas (Gas Division of PetroVietnam)
Queensland Gas Company Ltd.
Quicksilver Resources Inc.
Range Resources
ReachCSG
Red Emperor Resources
Reliance Industries Ltd (RIL)
RISC - Resource Investment Strategy Consultants
Riversdale Mining
Royal Dutch Shell
Saber Energy
Santos
Sasol
Schlumberger
Scottish & Southern Energy (SSE)
Shell Australia
Sino Gas and Energy
Sino Oil and Gas Holdings
Sinopec
SM Energy
Solid Energy
Southwestern Energy
Star Energy
Storm Cat Energy
Strait Oil & Gas
Sunshine Gas Limited
Tancoal
Tanzacoal
TATA
Terrawest Energy Corporation
Tesla Exploration International Limited
Tlou Energy
Tokyo Gas
Total
Total E&P Australia
Toyota Tsusho Corporation
Unit Petroleum
Vale
Vanguard Natural Resources
VICO Indonesia
Vietnam Resource International
Warren Resources
Westside
Woodside
WPX Energy

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44-(0)207-336-6100

Or please visit : http://www.visiongain.com/Report/1017/The-Coalbed-Methane-(CBM)-Market-2013-2023

SOURCE Visiongain