Focus on the Development of Natural Gas Hydrate in China

Zhongfu Tan, Ge Pan and Pingkuo Liu
Additional contact information
Zhongfu Tan: Economics and Management Department, North China Electric Power University, Beijing 102206, China
Ge Pan: Economics and Management Department, North China Electric Power University, Beijing 102206, China
Pingkuo Liu: Economics and Management Department, North China Electric Power University, Beijing 102206, China

Sustainability, 2016, vol. 8, issue 6, 1-19

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.

Keywords: natural gas hydrate; five forces model; intuitional arrangement (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/8/6/520/pdf (application/pdf)
https://www.mdpi.com/2071-1050/8/6/520/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:8:y:2016:i:6:p:520-:d:71027

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().