Monday, 11 January 2016

Revolution in gas hydrates: Still a long time away

There has been a lot of brouhaha over the discovery of massive reserves of gas hydrates off the Indian coast.
8A preliminary estimate puts the quantum at a massive 933 TCF.
8But are these reserves likely to be tapped anytime soon?
8The answer is "no", for the technology is still at a nascent state and with current level of expertise, the cost of getting gas hydrates out will be very expensive indeed.
8Nevertheless, the consensus is that when commercial use happens, it will be as much of a disruption as shale oil and gas has been.
8Gas hydrates represent an enormous recoverable resource at least of the order of shale gas.

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