Modelling world natural gas production

As the cleanest fossil fuel in terms of carbon dioxide (CO2) emissions, natural gas demand is expected to increase rapidly in future due to its important role in the transition of the world energy system. In this case, understanding potential limits to future production of the world’s natural gas re...

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Bibliographic Details
Main Authors: Jianliang Wang, Yongmei Bentley
Format: Article
Language:English
Published: Elsevier 2020-11-01
Series:Energy Reports
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2352484720304200
Description
Summary:As the cleanest fossil fuel in terms of carbon dioxide (CO2) emissions, natural gas demand is expected to increase rapidly in future due to its important role in the transition of the world energy system. In this case, understanding potential limits to future production of the world’s natural gas resources becomes increasingly important. This paper uses a modified multi-cycle generalized Weng model to forecast the long-term production of natural gas by region, and also globally. Both conventional and unconventional gas production are considered. Our results show that world natural gas production is likely to peak in the range 3.7 to 6.1 trillion cubic meters per year (tcm/y) between 2019 and 2060 depending on assumptions made on the size of the global ultimately recoverable resource (URR) of natural gas. A comparison of this paper’s forecasts with those from the scientific literature and from major energy institutes shows that the projection in this paper’s ‘high scenario’ can be seen as a likely upper-bound on future global natural gas production. To turn this upper-bound projection into reality, great efforts will be needed from the gas industry to discover more conventional and unconventional gas resources, and to make these recoverable.
ISSN:2352-4847