Natural gas is an efficient fuel, emits 60% less carbon dioxide than coal and 42% less
than oil, and is available in abundance.
Gas is an efficient fuel and saves up to 30% of energy in most applications. Unlike nuclear energy, natural gas does not pose waste-disposal or safety problems. And it is available in abundance. If any single factor can substantially lower carbon
In the 19th century, natural gas was usually obtained as a byproduct of producing oil, since the small, light gas carbon chains came out of solution as the extracted fluids underwent pressure reduction from the reservoir to the surface, similar to uncapping a bottle of soda pop where the carbon dioxide effervesces. Unwanted natural gas was a disposal problem in the active oil fields. If there was not a market for natural gas near the wellhead it was virtually valueless since it had to be piped to the end user. In the 19th century and early 20th century, such unwanted gas usually was burned off in the oil fields. Today, unwanted gas (or 'stranded' gas without a market) associated with oil extraction often is returned to the reservoir with 'injection' wells while awaiting a possible future market or to repressurize the formation, which can enhance extraction rates from other wells.
Its consumption is expected to increase from 95 trillion cubic feet in 2003 to 182 trillion cubic feet in 2030.
Nearly three quarter of the total global natural gas reserves are located in the West Asian and Eurasia regions. Iran, Qatar and Russia together accounts for nearly 58% of global natural gas reserve.
The world's largest proven gas reserves are located in Russia, with 4.757×1013 m³ (1.68×1015 cubic feet). With the Gazprom company, Russia is frequently the world's largest natural gas extractor. Major proven resources (in billion cubic meters) are world 175,400 (2006), Russia 47,570 (2006), Iran 26,370 (2006), Qatar 25,790 (2007), Saudi Arabia 6,568 (2006) and United Arab Emirates 5,823 (2006).
The world's largest gas field is Qatar's offshore North Field, estimated to have 25 trillion cubic meters (9.0×1014cubic feet) of gas in place—enough to last more than 420 years[citation needed] at optimum extraction levels. The second largest natural gas field is the South Pars Gas Field in Iranian waters in the Persian Gulf. Located next to Qatar's North Field, it has an estimated reserve of 8 to 14 trillion cubic meters (2.8×1014 to 5.0×1014 cubic feet) of gas.
Natural Gas is currently the source of half of the LPG produced in the country. LPG is now being extracted from gas at Duliajan in Assam, Bijaipur in M.P., Hazira and Vaghodia in Gujarat, Uran in Maharashtra, Pata in UP and Nagapattinam in Tamil Nadu
In India, the main producers of natural gas are Oil & Natural Gas Corporation Ltd. (ONGC), Oil India Limited (OIL) and JVs of Tapti, Panna-Mukta and Ravva. Under the Production Sharing Contracts, private parties from some of the fields are also producing gas.
Mukesh Ambani controlled Reliance Industries Limited's (RIL) enhanced gas estimates in the hydrocarbon rich Krishna-Godavari (KG) basin, taking the total gas reserves in the fields to 35.5 trillion cubic feet, will place India on the 12 spot among gas producing countries, next only to Iraq (ranked 11th). Besides, it will help RIL fetch better prices for the additional quantity of gas and meet a part of India’s energy needs.
With the revised estimates, India’s total gas reserves have shot up to nearly 90 TCF (including GSPC's gas find of 20 TCF last year) placing India in the 12th position, much ahead of Kazakhstan (ranked 16th ). India wasn't among the global Top 20 until now. Currently it is 24th position(2009)
Go here for Chart
Government have also offered blocks under New Exploration Licensing Policy (NELP) to private and public sector companies with the right to market gas at market determined prices.
More
than oil, and is available in abundance.
Gas is an efficient fuel and saves up to 30% of energy in most applications. Unlike nuclear energy, natural gas does not pose waste-disposal or safety problems. And it is available in abundance. If any single factor can substantially lower carbon
In the 19th century, natural gas was usually obtained as a byproduct of producing oil, since the small, light gas carbon chains came out of solution as the extracted fluids underwent pressure reduction from the reservoir to the surface, similar to uncapping a bottle of soda pop where the carbon dioxide effervesces. Unwanted natural gas was a disposal problem in the active oil fields. If there was not a market for natural gas near the wellhead it was virtually valueless since it had to be piped to the end user. In the 19th century and early 20th century, such unwanted gas usually was burned off in the oil fields. Today, unwanted gas (or 'stranded' gas without a market) associated with oil extraction often is returned to the reservoir with 'injection' wells while awaiting a possible future market or to repressurize the formation, which can enhance extraction rates from other wells.
Its consumption is expected to increase from 95 trillion cubic feet in 2003 to 182 trillion cubic feet in 2030.
Nearly three quarter of the total global natural gas reserves are located in the West Asian and Eurasia regions. Iran, Qatar and Russia together accounts for nearly 58% of global natural gas reserve.
The world's largest proven gas reserves are located in Russia, with 4.757×1013 m³ (1.68×1015 cubic feet). With the Gazprom company, Russia is frequently the world's largest natural gas extractor. Major proven resources (in billion cubic meters) are world 175,400 (2006), Russia 47,570 (2006), Iran 26,370 (2006), Qatar 25,790 (2007), Saudi Arabia 6,568 (2006) and United Arab Emirates 5,823 (2006).
The world's largest gas field is Qatar's offshore North Field, estimated to have 25 trillion cubic meters (9.0×1014cubic feet) of gas in place—enough to last more than 420 years[citation needed] at optimum extraction levels. The second largest natural gas field is the South Pars Gas Field in Iranian waters in the Persian Gulf. Located next to Qatar's North Field, it has an estimated reserve of 8 to 14 trillion cubic meters (2.8×1014 to 5.0×1014 cubic feet) of gas.
Natural Gas is currently the source of half of the LPG produced in the country. LPG is now being extracted from gas at Duliajan in Assam, Bijaipur in M.P., Hazira and Vaghodia in Gujarat, Uran in Maharashtra, Pata in UP and Nagapattinam in Tamil Nadu
In India, the main producers of natural gas are Oil & Natural Gas Corporation Ltd. (ONGC), Oil India Limited (OIL) and JVs of Tapti, Panna-Mukta and Ravva. Under the Production Sharing Contracts, private parties from some of the fields are also producing gas.
Mukesh Ambani controlled Reliance Industries Limited's (RIL) enhanced gas estimates in the hydrocarbon rich Krishna-Godavari (KG) basin, taking the total gas reserves in the fields to 35.5 trillion cubic feet, will place India on the 12 spot among gas producing countries, next only to Iraq (ranked 11th). Besides, it will help RIL fetch better prices for the additional quantity of gas and meet a part of India’s energy needs.
With the revised estimates, India’s total gas reserves have shot up to nearly 90 TCF (including GSPC's gas find of 20 TCF last year) placing India in the 12th position, much ahead of Kazakhstan (ranked 16th ). India wasn't among the global Top 20 until now. Currently it is 24th position(2009)
Go here for Chart
Government have also offered blocks under New Exploration Licensing Policy (NELP) to private and public sector companies with the right to market gas at market determined prices.
More
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