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Arctic region to hold 30% of undiscovered gas, strengthening Russia

Friday May 29, 2009, 5:30am PDT

The Arctic region announced that it may hold enough natural gas to meet current global demand for 14 years and most of it belongs to Russia, which could accentuate the country’s dominant role in the industry, U.S. geologists said.

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Tags: arctic, global, region, russia, us


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Featured Stocks

CBM Asia Development Corp. – Exploring Coalbed Methane in Indonesia

CBM Asia Development Corp. – Exploring Coalbed Methane in Indonesia

CBM Asia Development Corp. (TSXV:TCF) is a Canadian unconventional gas exploration company with significant coalbed methane (“CBM”) exploration and development projects in Indonesia. The Company holds various participating interests/rights in nine CBM production-sharing contracts (PSCs) and options to participate in a minimum of nine more. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country’s natural gas reserves.

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