I happened to come across this story while browsing the news stands at Chicago's O'Hare's airport yesterday. It might have been The Atlantic Monthly; I forget which publication. Doesn't matter.
Rigzone is reporting:
The news in early March that a Japanese company had finally successfully extracted natural gas from methane hydrate deposits under the seabed offshore Japan
was hailed as a breakthrough for the energy industry around the world.
There are large deposits of methane hydrate, or "ice gas", in several
locations around the planet which means, if successfully exploited, they
could bring to many regions around the world the low gas prices
currently seen in North America as a result of the shale gas boom.
Japan Oil, Gas and Metals National Corporation reported
March 12 that it successfully extracted natural gas from methane hydrate
deposits from around 1,000 feet under the seabed offshore Japan.
Methane hydrate is a compound in which a large amount of methane is
trapped within a crystal structure made up of water, so forming a solid
that is similar to ice in its composition (although it looks like
slush). For methane hydrate deposits to form the right conditions in
terms of pressures and temperatures are required.
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