Natural gas reserve: Difference between revisions
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<onlyinclude>'''Natural gas reserves''' refer to large deposits of [[natural gas]] which, based on geological surveys and engineering studies, are thought to exist to a very high degree of certainty. In addition to the knowledge of their existence, these reserves are also accessible and | <onlyinclude>'''Natural gas reserves''' refer to large deposits of [[natural gas]] which, based on geological surveys and engineering studies, are thought to exist to a very high degree of certainty. In addition to the knowledge of their existence, these reserves are also accessible and economically viable to extract.</onlyinclude> Natural gas [[reserve]]s are spread worldwide, however, some countries have more natural gas than others. It is estimated that the total world reserves amount to around 6 quadrillion [[cubic feet]].<ref name=wolfson>Richard Wolfson. (June 29, 2015). ''Energy, Environment, and Climate'', 2nd ed. New York, NY, U.S.A: 2012.</ref> Rough estimates suggest that this large reserve is equal to around 6000 [[Joule|exajoules]] of [[energy]].<ref name=wolfson/> | ||
==Reserves/Production Ratio== | ==Reserves/Production Ratio== | ||
One way to think about the size of reserves is known as the '''[[reserves/production ratio]]''' or '''R/P'''. This number represents the number of years that the reserves would last if production and use was continued at the current rate.<ref name=boyle>G.Boyle, B.Everett, S.Peake, J.Ramage. (June 29, 2015). ''Energy Systems and Sustainability: Power for a Sustainable Future'', 2nd Ed. Oxford, UK: Oxford University Press, 2012</ref> | One way to think about the size of reserves is known as the '''[[reserves/production ratio]]''' or '''R/P'''. This number represents the number of years that the reserves would last if production and use was continued at the current rate.<ref name=boyle>G.Boyle, B.Everett, S.Peake, J.Ramage. (June 29, 2015). ''Energy Systems and Sustainability: Power for a Sustainable Future'', 2nd Ed. Oxford, UK: Oxford University Press, 2012</ref> | ||
Natural gas reserves (and R/P ratios) are smaller than [[coal]] reserves but | Natural gas reserves (and R/P ratios) are smaller than [[coal]] reserves but larger than the R/P ratio of [[oil]]. Estimates suggest that at the rate of current use, there is around 60 years worth of natural gas remaining. However, this ratio needs to be interpreted carefully as this assumes current production levels. Production has been increasing steadily for the past few years with improved technologies, and may continue to increase. Moreover, this number doesn't take into account changing prices or developments that allow fuel to be extracted from current [[resource]]s.<ref name=boyle/> | ||
==Natural Gas Around the World== | ==Natural Gas Around the World== | ||
Russia has the world's largest natural gas reserves, followed closely by Iran and Qatar.<ref name=wolfson/> Recently, natural gas has become more and more important as a fuel source as its reserves are so vast. In addition to reserves that exist currently, there is huge potential for more reserves to be found. | Russia has the world's largest natural gas reserves, followed closely by Iran and Qatar.<ref name=wolfson/> Recently, natural gas has become more and more important as a fuel source as its reserves are so vast. In addition to reserves that exist currently, there is huge potential for more reserves to be found. In addition, some natural gas occurrences are becoming reserves as drilling technologies advance. Recent advances in drilling technology allow natural gas to be extracted by [[hydraulic fracturing]] from [[shale]] formations. These technologies have been allowing people to extract natural gas from sources that had previously been impossible, which has increased the natural gas reserve.<ref name=NGUC>Natural Gas Use in the Canadian Transportation Sector. (June 29, 2015). ''Deployment Roadmap'' [Online]. Available: http://oee.nrcan.gc.ca/transportation/alternative-fuels/resources/2888</ref> | ||
==Interactive Graph== | ==Interactive Graph== | ||
Below is an interactive graph showing what regions have major natural gas reserves. Note that despite natural gas generally forming along with crude oil, Saudi Arabia has massive oil reserves but is comparable to the United States in its gas reserves. Press the play button on the bottom left to see how the reserves have changed over the past few decades. | Below is an interactive graph showing what regions have major natural gas reserves. Note that despite natural gas generally forming along with crude oil, Saudi Arabia has massive oil reserves but is comparable to the United States in its gas reserves. Press the play button on the bottom left to see how the reserves have changed over the past few decades. | ||
<html><iframe height='525px' width='785px' style='border:1px solid #cccccc' src=' | <html><iframe height='525px' width='785px' style='border:1px solid #cccccc' src='https://www.google.com/publicdata/embed?ds=lp1a8c08eee7i_&ctype=c&strail=false&bcs=o&nselm=s&met_y=gas_reserves&scale_y=lin&ind_y=false&idim=region:AFR:APA:EEA:MEA:NOA:SCA&ifdim=region&ind=false&icfg'></iframe></html> | ||
==For Further Reading== | |||
*[[Natural gas]] | |||
*[[Natural gas power plant]] | |||
*[[Natural gas formation]] | |||
*[[Natural gas vehicle]] | |||
*Or explore a [[Special:Random|random page]] | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
[[Category:Uploaded]] | [[Category:Uploaded]] | ||
Latest revision as of 22:23, 3 September 2018
Natural gas reserves refer to large deposits of natural gas which, based on geological surveys and engineering studies, are thought to exist to a very high degree of certainty. In addition to the knowledge of their existence, these reserves are also accessible and economically viable to extract. Natural gas reserves are spread worldwide, however, some countries have more natural gas than others. It is estimated that the total world reserves amount to around 6 quadrillion cubic feet.[1] Rough estimates suggest that this large reserve is equal to around 6000 exajoules of energy.[1]
Reserves/Production Ratio
One way to think about the size of reserves is known as the reserves/production ratio or R/P. This number represents the number of years that the reserves would last if production and use was continued at the current rate.[2]
Natural gas reserves (and R/P ratios) are smaller than coal reserves but larger than the R/P ratio of oil. Estimates suggest that at the rate of current use, there is around 60 years worth of natural gas remaining. However, this ratio needs to be interpreted carefully as this assumes current production levels. Production has been increasing steadily for the past few years with improved technologies, and may continue to increase. Moreover, this number doesn't take into account changing prices or developments that allow fuel to be extracted from current resources.[2]
Natural Gas Around the World
Russia has the world's largest natural gas reserves, followed closely by Iran and Qatar.[1] Recently, natural gas has become more and more important as a fuel source as its reserves are so vast. In addition to reserves that exist currently, there is huge potential for more reserves to be found. In addition, some natural gas occurrences are becoming reserves as drilling technologies advance. Recent advances in drilling technology allow natural gas to be extracted by hydraulic fracturing from shale formations. These technologies have been allowing people to extract natural gas from sources that had previously been impossible, which has increased the natural gas reserve.[3]
Interactive Graph
Below is an interactive graph showing what regions have major natural gas reserves. Note that despite natural gas generally forming along with crude oil, Saudi Arabia has massive oil reserves but is comparable to the United States in its gas reserves. Press the play button on the bottom left to see how the reserves have changed over the past few decades.
For Further Reading
- Natural gas
- Natural gas power plant
- Natural gas formation
- Natural gas vehicle
- Or explore a random page
References
- ↑ 1.0 1.1 1.2 Richard Wolfson. (June 29, 2015). Energy, Environment, and Climate, 2nd ed. New York, NY, U.S.A: 2012.
- ↑ 2.0 2.1 G.Boyle, B.Everett, S.Peake, J.Ramage. (June 29, 2015). Energy Systems and Sustainability: Power for a Sustainable Future, 2nd Ed. Oxford, UK: Oxford University Press, 2012
- ↑ Natural Gas Use in the Canadian Transportation Sector. (June 29, 2015). Deployment Roadmap [Online]. Available: http://oee.nrcan.gc.ca/transportation/alternative-fuels/resources/2888