Japan to test-drill seabed for the burning ice — Methane Hydrate

Japan will seek to extract natural gas from seabed deposits of methane hydrate, also known as "burning ice", in the worlds first such offshore experiment, a news report said Monday.

The test is scheduled for a stretch of ocean southwest of Tokyo, between Shizuoka and Wakayama prefectures, over several weeks in the fiscal year to March 2013, the Nikkei financial daily said.

The Ministry of Economy, Trade and Industry is preparing to request more than 10 billion yen $127.5 million for the project, the report said.

Read the rest of the story: Japan to test-drill for seabed burning ice.

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