Global Coal Bed Methane (CBM) Market is Forecasted to be 21774 million USD by 2024

The global Coal Bed Methane (CBM) market will be worthy of 21774 million USD in the year of 2024, with the CAGR of 6.23% during the period of 2017 to 2024, backed with various downstream industries.

The major players in global Coal Bed Methane (CBM) market include Exxon Mobil(XTO Energy), BP, ConocoPhillips, Australia Pacific LNG, Santos, Anglo Coal, Arrow Energy, Ember Resources, Encana

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AAG Energy, G3 Exploration, Carbon Creek Energy, CONSOL Energy, Pioneer Natural Resources, GEECL, Gazprom, Shell (QGC), Constellation Energy Partners.

 Global Coal Bed Methane (CBM) Market is Forecasted to be 21774 million USD by 2024

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CBM is natural gas. CBM is primarily methane – a colourless and odourless gas, found in coal deposits formed over millions of years from fallen trees and other plant matter. CBM also known as onshore ‘unconventional’ gas has developed into a key fuel source, helping to lower the global carbon emissions. The global CBM reserves are mainly distributed among coal-producing countries.  Presently, USA, Canada, Russia, China are the key producing countries of CBM.

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