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