Off Cyprus:
- link here.
- this was considered "breaking news" and breathlessly reported -- oh, give me a break.
- but, yes, it's huge -- see Groningen below
- but so is the Permian 140 trillion cubic feet
- TTE, Eni: Cronos-1 well
- preliminary estimates indicate there are about 2.5 trillion cubic feet (TCF) of gas in place, “with significant additional upside”
- that 2.5 trillion: put into perspective by numbers below
- Groningen, which the Dutch closed down? 2.8 trillion cubic feet
US proved reserves of natural gas by top eight states, 2016 - 2022:
Staggering global riches of natural gas (the numbers keep increasing). From an earlier post:
Top five countries:
Now, let's go back and re-run the numbers that were posted earlier:
- Russia: 6,000 trillion cubic feet
- Iran: 1,000 trillion cubic feet
- Qatar: 900 trillion cubic feet
- Turkmenistan: 600 trillion cubic feet
- US: 350 trillion cubic feet
- #11: Australia: 152 trillion cubic feet (as of January, 2014). (See this post.)
- that recent huge Mediterranean natural gas find: 30 trillion cubic feet; this was said to be biggest natural gas find ever in the Mediterranean
- Barnett, revised USGS figures: 53 trillion cubic feet
- Utica, newly revised figures: 782 trillion cubic feet
- Marcellus, EIA revised estimates: 65 trillion cubic feet, "proved" reserves
- Bakken/Three Forks, USGS estimate: 7 trillion cubic feet
- Qatar: 800 trillion cubic feet, wiki, conversion
Other recent stories on natural gas reserves
Comments regarding natural gas reserves
- Marcellus: 480 trillion cubic feet of technically recoverable gas, Penn State geoscientist
- for me, it's hard enough getting my hands around billions of bbls of oil; it's almost impossible for me to get a feel for trillions of cubic feet of natural gas
- proved reserves are based on price of recovery, confusing matters from year to year
- estimates are just that, estimates (and often inflated for "certain" reasons)
- watch for this gotcha: sometimes reported in trillion cubic feet; sometimes in trillion cubic meters (35 cubic feet = 1 cubic meter; not trivial)
- for me it comes down to two things:
- any discovery over 30 trillion cubic feet natural gas is staggering, worth reporting
- "we" aren't going to run out of natural gas any time soon
hard to grasp so i looked it up. global consumption is 4 TCM/yr or ~140TCF/yr.
ReplyDeleteThank you. Yes, I can never seem to grasp natural gas units: BTUs, TCMs, TCFs, BCFs -- a long time ago, an engineer mentioned the same thing to me. Obfuscation can help improve odds when negotiating deals. LOL.
Deleteif math correct then assume world reserves at ~15,000TCF we have 100yrs of natgas....not very much. but of course this will double with further efforts so maybe 200 yrs. as a geoscientist i have to say, this is a blip in timescale and we should be worried as a species. overall conservation and alt fuels will come into play but next time out at dinner and you see a fire pit just "flaring gas" it should give us all pause.
ReplyDeleteAgree. I would certainly hope no fire pits in Italy "flaring gas," but it would not surprise me.
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