Natural Gas is Abundant and Accessible

A well pad in North America's abundant Marcellus Shale formation.

 

The world’s natural gas reserves are so substantial that they will be enough to fuel the world’s thirst for energy and electricity for the next 250 years – and that’s before taking into account the development of increasingly efficient power generation technologies.

Global proven reserves of natural gas amount to 187.3 trillion cubic meters at the end of 2012.   

Natural Gas can fuel the world’s energy needs for 250+ years.

This combination of abundance and accessibility is hardly matched by other fossil fuels. The search for oil is getting harder and more expensive. There aren’t any new conventional supergiant fields to be found, outside of the Antarctic.  No new supergiant since Caspian in 1980s] Even renewable energy sources are significantly challenged in meeting growing demand. While the sun shines and the wind blows in many places, the ability to convert that technology into electricity is constrained by the limitations of available technology to transmit and store that energy.
 

IGU @IGU_News

β€’ $3.88 / MMBtu Avg. global wholesale price for natural gas β€’ #NaturalGas #lng price declined in 2019 driven largely by sharp decline in Europe. Download the 2020 Global Wholesale Gas Price Survey report to get more info https://t.co/s6NAZbEuwW #energymarkets https://t.co/Y078eGqMuY

IGU @IGU_News

#LNG markets 🌏🌍🌎 β€’ Gas on gas competitive #pricing at near 1/2 of global price formation in 2019 β€’ Spot volumes trade represented over 1/3 πŸ€“ Learn more in the 2020 Wholesale Gas Price Report at https://t.co/C61gbSjYhk. @ReutersCommods @ftenergy @markets #NaturalGas https://t.co/F1fxnYF8tg

IGU @IGU_News

RT @APPEALtd: A new international survey by @IGU_News has found that Australia’s average natural gas prices continue to remain amongst the…

IGU @IGU_News

Just Released! | The latest Global Wholesale Gas Price Survey. | Get yours and find out what were the key #pricing trends πŸ“ˆπŸ“ŠπŸ“‰ in #NaturalGas at https://t.co/So3nN3jO5H. #energypricing #natgas #lng #gasmarkets #energy https://t.co/fCCtjxejvo