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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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
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spelling doaj-910981743e3546f8b6f69d9359aad5752020-12-23T05:01:17ZengElsevierEnergy Reports2352-48472020-11-01613631372Modelling world natural gas productionJianliang Wang0Yongmei Bentley1School of Economics and Management, China University of Petroleum, Beijing, China; Research Center for China’s Oil and Gas Industry Development, China University of Petroleum, Beijing, China; Correspondence to: No. 18 Fuxue Road, Changping District, Beijing, 102249, China.Business School, University of Bedfordshire, UKAs 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.http://www.sciencedirect.com/science/article/pii/S2352484720304200Natural gas productionUltimately recoverable resourceMulti-cycle modelling
collection DOAJ
language English
format Article
sources DOAJ
author Jianliang Wang
Yongmei Bentley
spellingShingle Jianliang Wang
Yongmei Bentley
Modelling world natural gas production
Energy Reports
Natural gas production
Ultimately recoverable resource
Multi-cycle modelling
author_facet Jianliang Wang
Yongmei Bentley
author_sort Jianliang Wang
title Modelling world natural gas production
title_short Modelling world natural gas production
title_full Modelling world natural gas production
title_fullStr Modelling world natural gas production
title_full_unstemmed Modelling world natural gas production
title_sort modelling world natural gas production
publisher Elsevier
series Energy Reports
issn 2352-4847
publishDate 2020-11-01
description 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.
topic Natural gas production
Ultimately recoverable resource
Multi-cycle modelling
url http://www.sciencedirect.com/science/article/pii/S2352484720304200
work_keys_str_mv AT jianliangwang modellingworldnaturalgasproduction
AT yongmeibentley modellingworldnaturalgasproduction
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