Abstract
Natural gas hydrate, also known as combustible ice, and mainly composed of methane, is identified as a potential clean energy for the 21st century. Due to its large reserves, gas hydrate can ease problems caused by energy resource shortage and has gained attention around the world. In this paper, we focus on the exploration and development of gas hydrate as well as discussing its status and future development trend in China and abroad. We then analyze its opportunities and challenges in China from four aspects, resource, technology, economy and policy, with five forces model and Politics Economics Society Technology method. The results show China has abundance gas hydrate resource; however, backward technologies and inadequate investment have seriously hindered the future development of gas hydrate; thus, China should establish relevant cooperation framework and intuitional arrangement to attract more investment as well as breaking through technical difficulties to commercialization gas hydrate as soon as possible.
Highlights
Natural gas hydrates, which remain stable at low temperature and high pressure, are usually deposited in permafrost areas, seabed, and lake sediment [1]
As global energy resources continue to be depleted, research on gas hydrate is valued by countries across the world, and it may become a substitute for conventional energy sources, including coal, petroleum and natural gas
To analyze development and provide future strategies of domestic natural gas hydrate industry, this paper introduces the current situation of gas hydrate development in China from policy, technology, reserves and other aspects; development prospect; and institutional prospect will be analyzed, including cooperation and policy framework
Summary
Natural gas hydrates, which remain stable at low temperature and high pressure, are usually deposited in permafrost areas, seabed, and lake sediment [1]. More than 30 countries have carried out research and exploitation on gas hydrate, and many countries have made long-period gas hydrate development strategies and large national projects, listed gas hydrate projects, trial exploitation and related technical research in the fiscal budget Some countries such as The United States, Japan, Canada and China have made their own gas hydrate commercial production schedule [3]. To analyze development and provide future strategies of domestic natural gas hydrate industry, this paper introduces the current situation of gas hydrate development in China from policy, technology, reserves and other aspects; development prospect; and institutional prospect will be analyzed, including cooperation and policy framework. The rest of this paper is organized as follows: the remainder of Section 1 mainly introduces domestic and international development of gas hydrate; Section 2 introduces the current situation in China; Section 3 analyzes development potential of gas hydrate in China; Section 4 outlines the development framework; and Section 5 provides the conclusion
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