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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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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