Monday - October 17, 2011
No Alternate Energy Needed, Part 2
"We’re running out of fossil energy! We need to invest massive amounts of tax money in green energy right now!!!”
Gaffney, Cline & Associates (GCA) said Turkmenistan’s South Iolotan natural gas field is the world’s second-largest, with an estimated 21.2 trillion cu m (tcm) of gas reserves. Supergiant Iolotan field was discovered in the country’s Amu Daria basin in late-2006 (OGJ Online, Nov. 22, 2006).
In a recent presentation, Jim Gillett, GCA business development manager, said South Iolotan’s latest reserves estimate make it second only to giant South Pars gas field, shared by Iran and Qatar.
“Turkmenistan’s gas reserves are more than enough for any potential demand over the foreseeable future, whether it be from China, Russia, Iran, or Europe,” Gillett said.
However, Gillet said estimates of the central Asian nation’s reserves could increase even more, noting that in addition to South Iolotan, the country’s Yashlar field has substantial gas, too.
“The current estimated data for both South Iolotan and Yashlar may well increase still further as additional data are acquired,” Gillett said. Yashlar, a separate field, could contain 1.45-5 tcm, he said.
Under a previous estimate made by GCA, South Iolotan field was believed to hold as much as 14 tcm of gas.
The world uses about 2.4 trillion cubic meters of natural gas per year; the Yashlar field could feed the world for a whole year all by itself. So call it 9 years from the first field, 10 years altogether. That’s natural gas from just one country, from just two gas producing regions. Not to mention that existing wells the world over already supply just a bit more gas than currently gets used. Or any of the new fields that get discovered all the time, like the one in CA I wrote about the other day. Or the ones way up north that we’re only just starting to look for, now that some of the ice and snow has gone away so that we can look.
Natural gas burns pretty clean, leaving behind just CO2 and steam. And plans have already been figured out how to pull massive amounts of CO2 out of the air and pump it back into those old gas wells that have run dry. So there.
h/t to EagleSpeak
Posted by Drew458
on 10/17/2011 at 10:29 AM
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