Stranded Gas6 Oct 2023 12:35
Nope. nope and nope.
Natural gas reserves are plentiful around the world, but many are too small or too remote from sizable population centers to be developed economically.
Natural gas reserves are plentiful around the world, but many are too small or too remote from sizable population centers to be developed economically. Stranded gas is essentially gas that is wasted or unused.
Estimates of remote or stranded gas reserves range from 40 to 60% of the world’s proven gas reserves.[1] [2] These massive global gas reserves are largely untapped, and conventional means of development face logistical and economic barriers.
The local market for gas is usually too small, or the gas field is too far from the industrialized markets. Sometimes excess gas reserves can be classified as stranded because they may result in oversupply of the market.
Most stranded gas reserves are in gas fields that are totally undeveloped. It is claimed that there are approximately 1,200 such fields, of different sizes, worldwide. A recent study identified approximately 450 Tcf of natural gas stranded in fields greater than 50 Bcf that can be produced and gathered for less than 0.50 U.S. $/million Btu.[4] Most larger stranded gas fields can produce gas even cheaper.