More Natural Gas Reserves Can Be Developed With The Help Of Modern Technology

Natural gas being a fossil fuel cannot be replaced and the demand for it is increasing

. It is quite imperative to know how much natural gas is left in the earth's surface that can be extracted for usage. Without knowing the quantity that is left, it is difficult to estimate the natural gas supply. Measuring this is not an easy task as it involves great deal of inference and cost. Based on the modern technology approximate estimates can be had with regards to the amount of natural gas that exist. Recently it has been found that natural gas reserves may have doubled in the Unites States of America. In 2007 the country became the world's largest natural gas consumer as the consumption accounted for 23.1 trillion cubic feet.

Conventional natural gas deposits that can be easily mined are given more importance as they prove to be less expensive. Though there is a threat involved that we will be running out of natural gas in the coming years, with the help of modern technology new natural gas reserves can be explored and unconventional gas deposits can be extracted. What is unconventional today might become conventional tomorrow with the advancement in technology and simplification in mining process, which is cost effective. The industry sector surpasses in natural gas consumption than any other sector and it is expected that this would continue to remain stable till 2030.

The Energy Information Administration or EIA provides estimates on the natural gas reserves that are available. The resources are classified as proved, unproved, unconventional natural gas. Proved reserves are those from which natural gas can be recovered under prevailing economic and operating conditions. In 2006, the OECD member countries consumed 52 trillion cubic feet of natural gas whereas the non-OECD member countries consumed about 53 trillion cubic feet of natural gas. During the year 2007, proved natural gas reserves rose by 3 percent and in the year 2008 the dry natural gas reserves in the United States increased by 6.9 trillion cubic feet (Tcf). In 2009, World natural gas deposits accounted for 6254 trillion cubic feet.

natural gas reserves are found in abundance in North America. The deposits are concentrated mostly in the regions of Texas and Gulf of Mexico. The top ten countries that qualify as proven natural gas reserves are Russia, Iran, Qatar, Saudi Arabia, United States of America, Nigeria, Algeria, United Arab Emirates, Venezuela and Iraq. The United States reserves are believed to be recoverable from shale deposits with the help of drilling techniques. Because of low carbon dioxide intensity and fuel efficiency of natural gas new electricity generating plants are estimated to increase in 2030. It is expected that there would be a 35 percent of increase in 2030 from 32 percent during 2006.

by: Sunil Punjabi

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