CBM to remain viable in long term

Prospects for the country's natural gas market remain strong in long term, despite the economic slowdown, according to the head of one of China's leading developers of unconventional gas resources.

Pierce Li is co-CEO and president of AAG Energy Holdings Ltd, an independent producer of coal bed methane, or CBM, which just raised $363 million in a Hong Kong flotation.

"While domestic demand for natural gas will be affected by the temporary economic slump to an extent, we are confident the Chinese economy will warm up in future," he said.