Proactive Investors: Green Dragon soars as Chinese energy demand grows

China may be experiencing some growing pains currently, but this will barely dent its demand for new sources of energy, which bodes well for the long-term future of Green Dragon Gas.

To give a sense of the scale of its energy consumption, China used 2.6 billion tonnes of oil equivalent in 2011.

In doing so it overtook long-time frontrunner the US by as much as 15%, while the European Union consumed just 65% of that amount.

Green Dragon Gas aims to tap this soaring demand.

It works with coal bed methane (CBM), an unconventional form of gas where methane trapped within coal seams is extracted before the coal is mined. MORE