As the American energy market shifts away from coal-focused initiatives in favour of natural gas use, many other countries consider the change as well. GWC Valve International is a company that has worked within the global energy market and encourages this growth.
The present abundance of natural gas supplies in America is already beginning to restructure the national energy market. Reserves are expected to last the country well into the next century, engineers are experimenting with new ways to utilise the fuel and coal use is decreasing. The price of gas remains low, averaging $2 to $3 per million BTU, and industry leaders are even anticipating that the US will become a major exporter of natural gas.
However, according to a recent article from The New York Times, natural gas initiatives are not just increasing in the US, but in China as well. GWC Valve International produces industrial valves for oil and gas corporations all over the globe, including those in China, and reveals the potential for a natural gas shift in many countries.
According to the article, Chinese officials have expressed intentions to focus on natural gas use and move away from coal. As The NY Times observes, China was a region once considered to have very low reserves of natural gas, however, through recent research, analysts have found the country to have "estimated volumes [of shale gas] greater than those of the United States."
GWC Valve International manufactures industrial valves for use in the energy market and its products are relied on by major companies such as Shell and Occidental Petroleum. Having manufacturing plants in China, GWC has witnessed the country’s quick abilities to adapt to new practices firsthand.
While the article explains American natural gas achievements as a result of having the "regulatory, market and technological contexts needed to encourage hard-nosed business investment in fracking," GWC indicates that China is following close behind. In a recent statement the company notes, "GWC Valve International has a great deal of knowledge within the Chinese market and we feel that their technology and aptitude is superb."
While the article indicates a reluctance to adopt widespread use of natural gas, the majority of industry leaders understand that the fuel source is one that is better for the environment. The article states that natural gas is responsible for an incredible decline in carbon dioxide emissions – the latest annual energy report even noted that emissions dropped 260 million tonnes since the previous report. Cutting back on pollutants is essential for many countries, especially those with large populations, such as China.
While environmental concerns may be a major motivating factor for China’s decision to embrace natural gas, the article adds that such practices could help the country cut back on coal imports and overall energy costs. GWC Valve International notes that these changes are monumental in terms of national development, but also for every company affected by the energy market. GWC believes natural gas use creates a need for new technology and engineering; the company plans to move forward with a supportive outlook and to make necessary changes that balance with those happening in China.