Source : THE AGE NEWS
A joint study of the rapid expansion of natural oil in Mongolia’s energy mix has been signed by TMB Energy and the Ministry of Energy. If coal seam fuel is approved as an additional fuel source, the business may become more profitable.
The adoption of natural gas, including coal seam gas, also known as coal bed methane, will be examined in the memorandum of understanding ( MOU), which will examine the benefits and inclusion of it into the East Asian nation’s medium and long-term energy policy.
In a bid to maintain a reliable, constant energy source during peak demand periods, the joint research intends to first prioritize benchmark studies on gas gas as a source for peak-load power generation. The original study will concentrate on how to best strengthen the nation’s electricity supply chain by using coal seam gas to power peak load power supplies.
With its Gurvantes XXXV coal hole fuel project in southern Mongolia, TMK is ideally positioned to profit from the potential improvement of fuel as a gas resource in addition to the already-existing fuel.
Mongolia’s energy system is dealing with increasing challenges as demand for heating and business activity rises significantly during the winter months, when supply is tight.
This Memorandum of Understanding represents a substantial advance for the Mongolian Government and TMK.
Dougal Ferguson, the CEO of TMK Energy
Due to the ageing infrastructure and current technology capacity, supply interruptions have become a problem. Natural gas may be the obvious alternative to boost the world’s supply levels because there is a needed to develop further, adaptable energy resources to ensure a steady source during peak load times.
Mongolia’s power industry is developed, managed, and regulated by the Ministry, making sure the system is trustworthy and supports its regional development goals.
Mongolia’s need for a long-term answer to its power generation challenges may be met by using the country’s large coal seam gas resources.
Dougal Ferguson, the CEO of TMK Energy said: “This Memorandum of Understanding represents a significant step forward for TMK and the Mongolian Government and recognition for the nascent coal seam gas industry in Mongolia. It signals further recognition by the government that natural gas remains a viable alternative to coal to further improve the long-term energy security of Mongolia and diversify its domestic energy sources.”
Natural gas, according to Ferguson, has the potential to be a more eco-friendly, efficient, and very responsive power source that can supplement existing and upcoming generation infrastructure and lessen reliance on imported electricity.
Coal seam gas is a type of natural gas that is typically 95 % to 97 % pure methane. It is usually absorbed by water pressure, where it is generally anchored to the petroleum column. Normaly, the extraction of water from the fuel injuries and cleats is required for transporting coal seam fuel to the surface via gas wells. Gas is released from the fuel column thanks to a lower stress. It is regarded as a innovative oil.
Coal hole fuel is regarded as a cleaner gas because it generates around half as much carbon dioxide as coal-fired energy and burns less polluted than other fossil fuels.
Natural gas differs from conventional fuel in that it is typically produced in amorphous sandstone reservoirs, where the gas is typically buried beneath buoyancy in an impervious rock layer. Gas may frequently flow to the floor through the gas wells without having to pump.
The company reported a new record for gas production last week at its Pilot also task, which is a component of its Gurvantes coal seam project.
On January 21, TMK set a new normal production report of 674 cubic gas meters, or more than 23,800 common square feet per day. 18 370 square meters of fresh regular gas was also achieved.
Mongolia’s coal hole oil resources could have two advantages. The nation is close to China’s northern oil pipelines, which could provide significant volumes of fuel for any near-term gas development project, in addition to expanding its own energy supply.
Is your ASX-listed business engaged in any engaging endeavors? Call: mattbirney@bullsnbears.com. . AU
