IEA lauds unconventional gas reserves - UPI.com

PARIS, Jan. 19 (UPI) -- Supplies of natural gas could last more than 250 years if Asian and European economies follow the U.S. unconventional reserves, the IEA said.

Discoveries fuel China's resource security

BEIJING - Chinese geologists have detected "super-thick" oil and gas-bearing stratums in the northern part of the South China Sea and identified 38 offshore oil and gas-bearing basins, a senior official said on Saturday.

The outskirts of Songliao Basin in Northeast China, Yin'e Basin in North China and Qiangtang Basin on the Qinghai-Tibet Plateau have also been found to have rich oil and gas resources, Wang Min, vice-minister of land and resources, said at a national conference in Beijing.

In addition, 192.7 billion tons of coal resources have been found in Northwest China's Xinjiang Uygur autonomous region, and four 10,000-ton sandstone-type uranium mines have been located in Xinjiang and Inner Mongolia, he said.

Wang said these latest discoveries, particularly those at sea, have given direction for China's future resource exploration.

Al Fin Energy: Bill Gates Jumps Into Oil Exploration; Brazil's Reserves to Double?

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