-
Natural Gas 101
Natural Gas is a flammable gas, consisting mainly of methane (CH4), occurring in underground reservoirs often with oil.
Learn more about natural gas and all types of energy at www.studentenergy.org
--------
Student Energy is currently developing the Global Youth Energy Outlook, a global youth-led report that will engage 50,000 young people around the world in 2021 to gather their perspectives on energy. Want to take part? If you’re between 18-30, head to www.bit.ly/gyeo to complete the survey! You can win $100 cash prizes in each region, or a fully funded trip to the next International Student Energy Summit!
Student Energy is a global youth-led organization empowering the next generation of leaders who are accelerating the transition to a sustainable, equitable energy future. We work wit...
published: 30 Jun 2015
-
The journey of natural gas
Natural gas is fundamental to our way of life - we use it for cooking, heating, electricity and power. Over 90% of the natural gas used in Queensland comes from coal seams, but how is it formed and how is it produced? Take a look at how we go about developing our coal seam gas resources safely and sustainably, as we build a new industry that will power the Queensland economy for many years to come.
published: 10 Jun 2014
-
How is natural gas extracted? Derrick tower - methane
0:00 Intro
0:32 Natural Gas
0:56 Gas Fields
2:03 Drilling Study
3:59 Drilling
6:42 Extraction
8:21 Biogas
Se ti interessa guardare il nostro video in lingua italiana clicca questo link:
https://youtu.be/xXfc4coeLGI
• Find out more about our project:
https://www.jaescompany.com/elearning.php?lang=en
• Here are some products installed by our technicians:
https://www.jaescompany.com/catalogo_marche.php?lang=en
JAES is a company specialized in the maintenance of industrial plants with a customer support at 360 degrees, from the technical advice to maintenance, until final delivery of the industrial spare parts.
Linkedin: https://it.linkedin.com/company/jaes-srl
Facebook: https://www.facebook.com/jaescompany/
Our Earth disposes of several fossil fuels such as oil, the most common resourc...
published: 21 Apr 2022
-
This Natural Gas Plant Has Achieved Zero Emissions
Just outside Houston, a company called NET Power has just brought a revolutionary new power plant online. The company says it can burn natural gas while capturing 100% of carbon emissions, with no increase in the cost of electricity. In this episode of "The Spark," we take you inside the world's first zero-emissions natural gas plant. We also look at an Icelandic company, CarbFix, that has developed a way of safely storing captured carbon by depositing it deep in volcanic rocks.
NET Power: https://www.netpower.com/
CarbFix: https://www.or.is/carbfix
https://www.bloomberg.com/news/videos/2018-07-03/this-natural-gas-plant-has-achieved-zero-emissions-video
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://w...
published: 03 Jul 2018
-
Proven Natural GAS Reserves by Countries
#Gas #Comparison #WorldData
List of countries by natural gas proven reserves
published: 05 Apr 2022
-
The BIGGEST gasfield on the planet - North Field
The largest gasfield on the planet tells the story of the enormous North Field which straddles Qatar and Iran. This story compliments our recent video “Ghawar – the largest oilfield on the planet” which is also available on our YouTube channel.
Shell discovered North Field, but it is now operated by Qatar Petroleum. The Iranian extension of this immense geological structure is called the South Pars gasfield. This Iranian extension qualifies as a super-giant field in it’s own right and is operated by NIOC.
When compared to the other gasfields listed in the top 20 gasfields, North Field is nearly as big as them all combined. Hundreds of billions of dollars have been invested in wells, platforms, pipelines and terminals. Much of the gas is converted to LNG and shipped around the globe. The ...
published: 09 May 2022
-
World's Top Countries by Proven Natural Gas Reserves 1960 to 2018
Natural gas reserves by country 2018
Please Subscribe For More Upcoming Videos: https://goo.gl/o2jNyz
Animated Statistics, Statistics, Stats, Racing Bar Chart, Charts
published: 10 Dec 2019
-
How Michael Smith Built A $14 Billion Natural Gas Plant In Texas | Forbes
Quintana Island is a 7-mile speck of land off Freeport, Texas, tucked in where the Brazos River empties into the Gulf of Mexico. Over the past 200 years, the island has been home to a Mexican fort, then a busy seaport for early Texas farmers, who shipped out cotton. Union ships later bombarded Confederate troops stationed there. In 1900 came the Great Galveston Hurricane, which killed 11,000 in the immediate vicinity and wiped Quintana clean. By the time Michael S. Smith set foot on the island in 2002, it was languishing: a few dozen dilapidated homes, a migratory bird sanctuary and beach, and a brownfield of storage tanks built on fill dredged from navigation channels. “We’d be sinking in the mud if we were standing here then,” Smith says.
Smith has made his own historic mark on the isl...
published: 15 Jun 2021
-
Top 5 Largest Natural Gas Reserves in the World | Readofia.com
#oilandgas #gasreserves
Natural gas is a hydrocarbon gas formed naturally on the earth surface due to the decomposition of plant and animal matters over millions of years. It is mainly as a fuel source in industries and domestic cooking process. The hydrocarbon gas mixture contains methane, ethane, propane, butanes and pentanes and sometimes it contain carbon dioxide, hydrogen sulphide, nitrogen and helium in small percentage. Natural gas is found naturally on the rock formations below the earth surface.
Natural gas is widely used as heating source in industries of petrochemical, plastic, artificial and rubber. It is also used as fuel for vehicles and electricity generation.
1. Russia:
As of OPEC 2018, Russia holds the world’s largest natural gas reserves with 50,617 billion cubic mete...
published: 18 Sep 2021
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The Massive Gas Field That Europe Can’t Use
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia. But, the field is in the process of shutting down. Bloomberg News reporter Cagan Koc explains why.
Like this video? Subscribe: https://bit.ly/3iERrup
Earthquake risks in the Netherlands have locals unwilling to plug the Russia-related energy shortfall.
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia.
Instead the field is in the process of shutting...
published: 06 Oct 2022
3:39
Natural Gas 101
Natural Gas is a flammable gas, consisting mainly of methane (CH4), occurring in underground reservoirs often with oil.
Learn more about natural gas and all ty...
Natural Gas is a flammable gas, consisting mainly of methane (CH4), occurring in underground reservoirs often with oil.
Learn more about natural gas and all types of energy at www.studentenergy.org
--------
Student Energy is currently developing the Global Youth Energy Outlook, a global youth-led report that will engage 50,000 young people around the world in 2021 to gather their perspectives on energy. Want to take part? If you’re between 18-30, head to www.bit.ly/gyeo to complete the survey! You can win $100 cash prizes in each region, or a fully funded trip to the next International Student Energy Summit!
Student Energy is a global youth-led organization empowering the next generation of leaders who are accelerating the transition to a sustainable, equitable energy future. We work with a network of 50,000 young people from over 120 countries to build the knowledge, skills, and networks they need to take action on energy. Learn more at www.studentenergy.org
https://wn.com/Natural_Gas_101
Natural Gas is a flammable gas, consisting mainly of methane (CH4), occurring in underground reservoirs often with oil.
Learn more about natural gas and all types of energy at www.studentenergy.org
--------
Student Energy is currently developing the Global Youth Energy Outlook, a global youth-led report that will engage 50,000 young people around the world in 2021 to gather their perspectives on energy. Want to take part? If you’re between 18-30, head to www.bit.ly/gyeo to complete the survey! You can win $100 cash prizes in each region, or a fully funded trip to the next International Student Energy Summit!
Student Energy is a global youth-led organization empowering the next generation of leaders who are accelerating the transition to a sustainable, equitable energy future. We work with a network of 50,000 young people from over 120 countries to build the knowledge, skills, and networks they need to take action on energy. Learn more at www.studentenergy.org
- published: 30 Jun 2015
- views: 2161572
7:12
The journey of natural gas
Natural gas is fundamental to our way of life - we use it for cooking, heating, electricity and power. Over 90% of the natural gas used in Queensland comes from...
Natural gas is fundamental to our way of life - we use it for cooking, heating, electricity and power. Over 90% of the natural gas used in Queensland comes from coal seams, but how is it formed and how is it produced? Take a look at how we go about developing our coal seam gas resources safely and sustainably, as we build a new industry that will power the Queensland economy for many years to come.
https://wn.com/The_Journey_Of_Natural_Gas
Natural gas is fundamental to our way of life - we use it for cooking, heating, electricity and power. Over 90% of the natural gas used in Queensland comes from coal seams, but how is it formed and how is it produced? Take a look at how we go about developing our coal seam gas resources safely and sustainably, as we build a new industry that will power the Queensland economy for many years to come.
- published: 10 Jun 2014
- views: 5879833
10:06
How is natural gas extracted? Derrick tower - methane
0:00 Intro
0:32 Natural Gas
0:56 Gas Fields
2:03 Drilling Study
3:59 Drilling
6:42 Extraction
8:21 Biogas
Se ti interessa guardare il nostro video in lingua it...
0:00 Intro
0:32 Natural Gas
0:56 Gas Fields
2:03 Drilling Study
3:59 Drilling
6:42 Extraction
8:21 Biogas
Se ti interessa guardare il nostro video in lingua italiana clicca questo link:
https://youtu.be/xXfc4coeLGI
• Find out more about our project:
https://www.jaescompany.com/elearning.php?lang=en
• Here are some products installed by our technicians:
https://www.jaescompany.com/catalogo_marche.php?lang=en
JAES is a company specialized in the maintenance of industrial plants with a customer support at 360 degrees, from the technical advice to maintenance, until final delivery of the industrial spare parts.
Linkedin: https://it.linkedin.com/company/jaes-srl
Facebook: https://www.facebook.com/jaescompany/
Our Earth disposes of several fossil fuels such as oil, the most common resource used for transportation, or coal, which is mostly used in the industrial sector. However, there is another type of fuel which we use on a daily basis to produce energy in power plants or even to heat up our own houses: we are talking about Natural Gas! Fossilised natural gas can be found in deposits and it is produced from the anaerobic decomposition of organic material. It is mostly composed of methane, the smallest out of all hydrocarbon molecules. However, it can contain also ethane, propane and butane, as well as small quantities of pentane. There are many gas fields and they are present almost all over the globe. The largest supplier is the Country of Russia, with a staggering yearly production of 624,61 Gm3 of natural gas. According to a 2010 estimate, its reserves will last at least for another 74 years. In second place, we find Iran and Qatar, with a yearly production that ranges between 120 and 150 Gm3. Anyway, how is natural gas extracted? Most of the times natural gas is located in presence of a coal filed. This happens because over the years the decomposition of organic material caused the formation of layers of peat in river and torrential areas. Coal, and natural gas were generated through the fossilization of the peat layers. Before starting with the extraction, it is necessary to carry out inspections on the territory in order to: determine the size of the field, the amount of gas present and the feasibility of the process of extraction. Geologists and geophysicists carry out tests on the reservoir site to digitally recreate the subsoil in 3D using a technique called Seismic Reflection: a sort of scan of the soil. This technique consists of firing seismic waves which, reflecting on the underlying clayey layers, are able to graphically reproduce the subsoil, highlighting potential natural gas deposits. After this initial procedure, we continue by drilling an exploration well, to make sure that the gas in present in this area. Subsequently, other types of wells are drilled, called delimitation wells. These have the function to delimit, both vertically and horizontally, the effective extent of the gas field, in order to have a precise assessment of the amount of gas. This is to ensure a fair economic return to the company that invests in a particular field. Once the quantity of gas that the field contains have been verified, we move on to the next step, which consists in drawing up a Development Plan. The development plan will decide: how many extraction wells have to be drilled on the site, in which position, with which trajectory, the type of well (vertical, horizontal or deviated), as well as the position and number of structures necessary for the management and transport of the extracted gas. The type of the structure built to extract the gas can vary depending on the location of the field: hen the reservoir is close enough to the earth's surface, the construction of the site and the gas extraction are easier. However, sometimes the deposit may be located under the seabed. In this case, the preparation of the site is more complex. It is necessary to build a platform in the middle of the sea, an ‘Off-shore’ platform, from which all drilling and extraction operations can be managed. Whether on land or at sea, the drilling procedure is very similar; let’s now examine the structures and steps necessary for the extraction of natural gas. To drill the soil, we use a special tool which resembles a rotary chisel. This chisel is composed of 3 conical heads made out of a very hard material, able to crush and shatter the soil. The chisel is attached to some 12-15 meters long rods, which are inserted as the excavation progresses. This machine is held together by a hook with steel wires connected to a system of pulleys that enables the drilling device to raise and lower. To give energy to all the instrumentation, we use an engine connected to a winch. The engine will also make the Rotary Table to start rotating and therefore, to drill. The rods brought down through the drilling are hollow and inside them flows a special mud that, in addition to lubricating the chisel, brings up the debris left by the crushing process
https://wn.com/How_Is_Natural_Gas_Extracted_Derrick_Tower_Methane
0:00 Intro
0:32 Natural Gas
0:56 Gas Fields
2:03 Drilling Study
3:59 Drilling
6:42 Extraction
8:21 Biogas
Se ti interessa guardare il nostro video in lingua italiana clicca questo link:
https://youtu.be/xXfc4coeLGI
• Find out more about our project:
https://www.jaescompany.com/elearning.php?lang=en
• Here are some products installed by our technicians:
https://www.jaescompany.com/catalogo_marche.php?lang=en
JAES is a company specialized in the maintenance of industrial plants with a customer support at 360 degrees, from the technical advice to maintenance, until final delivery of the industrial spare parts.
Linkedin: https://it.linkedin.com/company/jaes-srl
Facebook: https://www.facebook.com/jaescompany/
Our Earth disposes of several fossil fuels such as oil, the most common resource used for transportation, or coal, which is mostly used in the industrial sector. However, there is another type of fuel which we use on a daily basis to produce energy in power plants or even to heat up our own houses: we are talking about Natural Gas! Fossilised natural gas can be found in deposits and it is produced from the anaerobic decomposition of organic material. It is mostly composed of methane, the smallest out of all hydrocarbon molecules. However, it can contain also ethane, propane and butane, as well as small quantities of pentane. There are many gas fields and they are present almost all over the globe. The largest supplier is the Country of Russia, with a staggering yearly production of 624,61 Gm3 of natural gas. According to a 2010 estimate, its reserves will last at least for another 74 years. In second place, we find Iran and Qatar, with a yearly production that ranges between 120 and 150 Gm3. Anyway, how is natural gas extracted? Most of the times natural gas is located in presence of a coal filed. This happens because over the years the decomposition of organic material caused the formation of layers of peat in river and torrential areas. Coal, and natural gas were generated through the fossilization of the peat layers. Before starting with the extraction, it is necessary to carry out inspections on the territory in order to: determine the size of the field, the amount of gas present and the feasibility of the process of extraction. Geologists and geophysicists carry out tests on the reservoir site to digitally recreate the subsoil in 3D using a technique called Seismic Reflection: a sort of scan of the soil. This technique consists of firing seismic waves which, reflecting on the underlying clayey layers, are able to graphically reproduce the subsoil, highlighting potential natural gas deposits. After this initial procedure, we continue by drilling an exploration well, to make sure that the gas in present in this area. Subsequently, other types of wells are drilled, called delimitation wells. These have the function to delimit, both vertically and horizontally, the effective extent of the gas field, in order to have a precise assessment of the amount of gas. This is to ensure a fair economic return to the company that invests in a particular field. Once the quantity of gas that the field contains have been verified, we move on to the next step, which consists in drawing up a Development Plan. The development plan will decide: how many extraction wells have to be drilled on the site, in which position, with which trajectory, the type of well (vertical, horizontal or deviated), as well as the position and number of structures necessary for the management and transport of the extracted gas. The type of the structure built to extract the gas can vary depending on the location of the field: hen the reservoir is close enough to the earth's surface, the construction of the site and the gas extraction are easier. However, sometimes the deposit may be located under the seabed. In this case, the preparation of the site is more complex. It is necessary to build a platform in the middle of the sea, an ‘Off-shore’ platform, from which all drilling and extraction operations can be managed. Whether on land or at sea, the drilling procedure is very similar; let’s now examine the structures and steps necessary for the extraction of natural gas. To drill the soil, we use a special tool which resembles a rotary chisel. This chisel is composed of 3 conical heads made out of a very hard material, able to crush and shatter the soil. The chisel is attached to some 12-15 meters long rods, which are inserted as the excavation progresses. This machine is held together by a hook with steel wires connected to a system of pulleys that enables the drilling device to raise and lower. To give energy to all the instrumentation, we use an engine connected to a winch. The engine will also make the Rotary Table to start rotating and therefore, to drill. The rods brought down through the drilling are hollow and inside them flows a special mud that, in addition to lubricating the chisel, brings up the debris left by the crushing process
- published: 21 Apr 2022
- views: 107816
7:46
This Natural Gas Plant Has Achieved Zero Emissions
Just outside Houston, a company called NET Power has just brought a revolutionary new power plant online. The company says it can burn natural gas while capturi...
Just outside Houston, a company called NET Power has just brought a revolutionary new power plant online. The company says it can burn natural gas while capturing 100% of carbon emissions, with no increase in the cost of electricity. In this episode of "The Spark," we take you inside the world's first zero-emissions natural gas plant. We also look at an Icelandic company, CarbFix, that has developed a way of safely storing captured carbon by depositing it deep in volcanic rocks.
NET Power: https://www.netpower.com/
CarbFix: https://www.or.is/carbfix
https://www.bloomberg.com/news/videos/2018-07-03/this-natural-gas-plant-has-achieved-zero-emissions-video
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
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QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
https://wn.com/This_Natural_Gas_Plant_Has_Achieved_Zero_Emissions
Just outside Houston, a company called NET Power has just brought a revolutionary new power plant online. The company says it can burn natural gas while capturing 100% of carbon emissions, with no increase in the cost of electricity. In this episode of "The Spark," we take you inside the world's first zero-emissions natural gas plant. We also look at an Icelandic company, CarbFix, that has developed a way of safely storing captured carbon by depositing it deep in volcanic rocks.
NET Power: https://www.netpower.com/
CarbFix: https://www.or.is/carbfix
https://www.bloomberg.com/news/videos/2018-07-03/this-natural-gas-plant-has-achieved-zero-emissions-video
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
- published: 03 Jul 2018
- views: 353572
3:57
Proven Natural GAS Reserves by Countries
#Gas #Comparison #WorldData
List of countries by natural gas proven reserves
#Gas #Comparison #WorldData
List of countries by natural gas proven reserves
https://wn.com/Proven_Natural_Gas_Reserves_By_Countries
#Gas #Comparison #WorldData
List of countries by natural gas proven reserves
- published: 05 Apr 2022
- views: 314843
6:44
The BIGGEST gasfield on the planet - North Field
The largest gasfield on the planet tells the story of the enormous North Field which straddles Qatar and Iran. This story compliments our recent video “Ghawar –...
The largest gasfield on the planet tells the story of the enormous North Field which straddles Qatar and Iran. This story compliments our recent video “Ghawar – the largest oilfield on the planet” which is also available on our YouTube channel.
Shell discovered North Field, but it is now operated by Qatar Petroleum. The Iranian extension of this immense geological structure is called the South Pars gasfield. This Iranian extension qualifies as a super-giant field in it’s own right and is operated by NIOC.
When compared to the other gasfields listed in the top 20 gasfields, North Field is nearly as big as them all combined. Hundreds of billions of dollars have been invested in wells, platforms, pipelines and terminals. Much of the gas is converted to LNG and shipped around the globe. The scale is staggering.
Looking for more videos?
Ghawar (Saudi Arabia): https://www.youtube.com/watch?v=juh0_Tyzb4A
ADNOC Growth (Abu Dhabi): https://www.youtube.com/watch?v=xX5vmRaGEvY
Please send us any material you would like to see covered in future videos at
[email protected] or comment below!
All of the information in this video came from TROVE Middle East which contains details on all oil and gas fields and discoveries in the region. With information on over 700 assets, this is the most comprehensive technical subsurface database for the region.
See our coverage map here: https://www.1stsom.com/trove
For more information about anything within this video, please get in touch or visit our website:
www.1stsom.com
[email protected]
All images used in this video were from public sources and can all be found in TROVE Middle East.
https://wn.com/The_Biggest_Gasfield_On_The_Planet_North_Field
The largest gasfield on the planet tells the story of the enormous North Field which straddles Qatar and Iran. This story compliments our recent video “Ghawar – the largest oilfield on the planet” which is also available on our YouTube channel.
Shell discovered North Field, but it is now operated by Qatar Petroleum. The Iranian extension of this immense geological structure is called the South Pars gasfield. This Iranian extension qualifies as a super-giant field in it’s own right and is operated by NIOC.
When compared to the other gasfields listed in the top 20 gasfields, North Field is nearly as big as them all combined. Hundreds of billions of dollars have been invested in wells, platforms, pipelines and terminals. Much of the gas is converted to LNG and shipped around the globe. The scale is staggering.
Looking for more videos?
Ghawar (Saudi Arabia): https://www.youtube.com/watch?v=juh0_Tyzb4A
ADNOC Growth (Abu Dhabi): https://www.youtube.com/watch?v=xX5vmRaGEvY
Please send us any material you would like to see covered in future videos at
[email protected] or comment below!
All of the information in this video came from TROVE Middle East which contains details on all oil and gas fields and discoveries in the region. With information on over 700 assets, this is the most comprehensive technical subsurface database for the region.
See our coverage map here: https://www.1stsom.com/trove
For more information about anything within this video, please get in touch or visit our website:
www.1stsom.com
[email protected]
All images used in this video were from public sources and can all be found in TROVE Middle East.
- published: 09 May 2022
- views: 15052
4:39
World's Top Countries by Proven Natural Gas Reserves 1960 to 2018
Natural gas reserves by country 2018
Please Subscribe For More Upcoming Videos: https://goo.gl/o2jNyz
Animated Statistics, Statistics, Stats, Racing Bar Char...
Natural gas reserves by country 2018
Please Subscribe For More Upcoming Videos: https://goo.gl/o2jNyz
Animated Statistics, Statistics, Stats, Racing Bar Chart, Charts
https://wn.com/World's_Top_Countries_By_Proven_Natural_Gas_Reserves_1960_To_2018
Natural gas reserves by country 2018
Please Subscribe For More Upcoming Videos: https://goo.gl/o2jNyz
Animated Statistics, Statistics, Stats, Racing Bar Chart, Charts
- published: 10 Dec 2019
- views: 1456998
8:50
How Michael Smith Built A $14 Billion Natural Gas Plant In Texas | Forbes
Quintana Island is a 7-mile speck of land off Freeport, Texas, tucked in where the Brazos River empties into the Gulf of Mexico. Over the past 200 years, the is...
Quintana Island is a 7-mile speck of land off Freeport, Texas, tucked in where the Brazos River empties into the Gulf of Mexico. Over the past 200 years, the island has been home to a Mexican fort, then a busy seaport for early Texas farmers, who shipped out cotton. Union ships later bombarded Confederate troops stationed there. In 1900 came the Great Galveston Hurricane, which killed 11,000 in the immediate vicinity and wiped Quintana clean. By the time Michael S. Smith set foot on the island in 2002, it was languishing: a few dozen dilapidated homes, a migratory bird sanctuary and beach, and a brownfield of storage tanks built on fill dredged from navigation channels. “We’d be sinking in the mud if we were standing here then,” Smith says.
Smith has made his own historic mark on the island. Having spent $14 billion, he now owns a controlling interest in Freeport LNG, which chills and exports 2 billion cubic feet of natural gas per day, most of it so-called shale gas, horizontally drilled, hydraulically fracked. At current market prices that daily output is worth some $14 million, on which Freeport collects about $5 million a day in tolling revenue. “We are taking clean American natural gas, adding tremendous value and exporting it to countries that do not have enough energy and would otherwise be burning dirty coal,” he says.
Since becoming operational in September 2019, Freeport LNG has loaded 200 cargoes destined for Japan, South Korea and Croatia, where a single shipment can meet the annual energy needs of tens of thousands. Freeport will export about 15 million tons of LNG this year—the energy equivalent of 130 million barrels of oil—and is on track to book nearly $2.5 billion in revenue. Smith’s 63% ownership in the limited partnership is worth in excess of $1 billion.
Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2021/06/11/meet-the-bronx-born-billionaire-exporting-americas-shale-gas-bonanza/?sh=352ce2234db7
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https://wn.com/How_Michael_Smith_Built_A_14_Billion_Natural_Gas_Plant_In_Texas_|_Forbes
Quintana Island is a 7-mile speck of land off Freeport, Texas, tucked in where the Brazos River empties into the Gulf of Mexico. Over the past 200 years, the island has been home to a Mexican fort, then a busy seaport for early Texas farmers, who shipped out cotton. Union ships later bombarded Confederate troops stationed there. In 1900 came the Great Galveston Hurricane, which killed 11,000 in the immediate vicinity and wiped Quintana clean. By the time Michael S. Smith set foot on the island in 2002, it was languishing: a few dozen dilapidated homes, a migratory bird sanctuary and beach, and a brownfield of storage tanks built on fill dredged from navigation channels. “We’d be sinking in the mud if we were standing here then,” Smith says.
Smith has made his own historic mark on the island. Having spent $14 billion, he now owns a controlling interest in Freeport LNG, which chills and exports 2 billion cubic feet of natural gas per day, most of it so-called shale gas, horizontally drilled, hydraulically fracked. At current market prices that daily output is worth some $14 million, on which Freeport collects about $5 million a day in tolling revenue. “We are taking clean American natural gas, adding tremendous value and exporting it to countries that do not have enough energy and would otherwise be burning dirty coal,” he says.
Since becoming operational in September 2019, Freeport LNG has loaded 200 cargoes destined for Japan, South Korea and Croatia, where a single shipment can meet the annual energy needs of tens of thousands. Freeport will export about 15 million tons of LNG this year—the energy equivalent of 130 million barrels of oil—and is on track to book nearly $2.5 billion in revenue. Smith’s 63% ownership in the limited partnership is worth in excess of $1 billion.
Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2021/06/11/meet-the-bronx-born-billionaire-exporting-americas-shale-gas-bonanza/?sh=352ce2234db7
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
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Forbes newsletters: https://newsletters.editorial.forbes.com
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- published: 15 Jun 2021
- views: 99294
2:40
Top 5 Largest Natural Gas Reserves in the World | Readofia.com
#oilandgas #gasreserves
Natural gas is a hydrocarbon gas formed naturally on the earth surface due to the decomposition of plant and animal matters over millio...
#oilandgas #gasreserves
Natural gas is a hydrocarbon gas formed naturally on the earth surface due to the decomposition of plant and animal matters over millions of years. It is mainly as a fuel source in industries and domestic cooking process. The hydrocarbon gas mixture contains methane, ethane, propane, butanes and pentanes and sometimes it contain carbon dioxide, hydrogen sulphide, nitrogen and helium in small percentage. Natural gas is found naturally on the rock formations below the earth surface.
Natural gas is widely used as heating source in industries of petrochemical, plastic, artificial and rubber. It is also used as fuel for vehicles and electricity generation.
1. Russia:
As of OPEC 2018, Russia holds the world’s largest natural gas reserves with 50,617 billion cubic meters. Russia is having the 24% of world’s proven reserves. Russia is also the world’s largest exporter and most of its gas reserves are located in Siberia.
2019 Proven Gas Reserves: 1688.23 trillion cubic feet
2019 Natural Gas production: 741 billion cubic feet
2. Iran
Iran holds the world’s third largest natural gas reserves with 33,810 billion cubic meters as of OPEC 2018 estimate. Iran is holding 18% of total proven gas reserves globally. About 13.5% of its natural gas reserves are associated with onshore and 18.4% are non-associated. In Iran the gas fields are located in South Pars, North Pars, Kish and Kangan. The gas field in South Pars is the largest in Iran.
2019 Proven Gas Reserves: 1193.97 trillion cubic feet
2019 Natural Gas production: 232 billion cubic feet
3. Qatar
Qatar is the third largest country with 24.7 trillion cubic meters of proven natural gas reserves and is the second largest in the Middle East. Qatar’s reserve represents 12.5% of world’s proven gas reserves and is also the largest exporter of LNG (Liquefied Natural Gas). Its gas fields are mainly located in the vast offshore North Field which is the largest non associated gas field in the world.
2019 Proven Gas Reserves: 842.63 trillion cubic feet
2019 Natural Gas production: 168 billion cubic feet
4. Turkmenistan
Turkmenistan a country in central Asia holds the world’s fourth largest proven gas reserves 9838 billion cubic meters as of OPEC 2018. Most of its gas reserves are located in Amu Darya basin and Murgab South Caspian. Turkmenistan developed and expands its gas reserves very well. It becomes the leading exporter of natural gas for China, Russia and Iran.
2019 Proven Gas Reserves: 265 trillion cubic feet
2019 Natural Gas production: 85 billion cubic feet
5. United States of America
As of 2018 OPEC, USA holds the world’s fifth largest natural gas reserves with 9067 billion cubic meters. Initially in 2015, natural gas in United States is seen as great source for electricity generation. The largest gas fields in United States are located in Texas. The interstate gas pipeline in United States extends more than 189,000 miles. The United States is the largest producer of NGL (Natural Gas Liquid).
2019 Proven Gas Reserves: 474.82 trillion cubic feet
2019 Natural Gas production: 864 billion cubic feet
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https://wn.com/Top_5_Largest_Natural_Gas_Reserves_In_The_World_|_Readofia.Com
#oilandgas #gasreserves
Natural gas is a hydrocarbon gas formed naturally on the earth surface due to the decomposition of plant and animal matters over millions of years. It is mainly as a fuel source in industries and domestic cooking process. The hydrocarbon gas mixture contains methane, ethane, propane, butanes and pentanes and sometimes it contain carbon dioxide, hydrogen sulphide, nitrogen and helium in small percentage. Natural gas is found naturally on the rock formations below the earth surface.
Natural gas is widely used as heating source in industries of petrochemical, plastic, artificial and rubber. It is also used as fuel for vehicles and electricity generation.
1. Russia:
As of OPEC 2018, Russia holds the world’s largest natural gas reserves with 50,617 billion cubic meters. Russia is having the 24% of world’s proven reserves. Russia is also the world’s largest exporter and most of its gas reserves are located in Siberia.
2019 Proven Gas Reserves: 1688.23 trillion cubic feet
2019 Natural Gas production: 741 billion cubic feet
2. Iran
Iran holds the world’s third largest natural gas reserves with 33,810 billion cubic meters as of OPEC 2018 estimate. Iran is holding 18% of total proven gas reserves globally. About 13.5% of its natural gas reserves are associated with onshore and 18.4% are non-associated. In Iran the gas fields are located in South Pars, North Pars, Kish and Kangan. The gas field in South Pars is the largest in Iran.
2019 Proven Gas Reserves: 1193.97 trillion cubic feet
2019 Natural Gas production: 232 billion cubic feet
3. Qatar
Qatar is the third largest country with 24.7 trillion cubic meters of proven natural gas reserves and is the second largest in the Middle East. Qatar’s reserve represents 12.5% of world’s proven gas reserves and is also the largest exporter of LNG (Liquefied Natural Gas). Its gas fields are mainly located in the vast offshore North Field which is the largest non associated gas field in the world.
2019 Proven Gas Reserves: 842.63 trillion cubic feet
2019 Natural Gas production: 168 billion cubic feet
4. Turkmenistan
Turkmenistan a country in central Asia holds the world’s fourth largest proven gas reserves 9838 billion cubic meters as of OPEC 2018. Most of its gas reserves are located in Amu Darya basin and Murgab South Caspian. Turkmenistan developed and expands its gas reserves very well. It becomes the leading exporter of natural gas for China, Russia and Iran.
2019 Proven Gas Reserves: 265 trillion cubic feet
2019 Natural Gas production: 85 billion cubic feet
5. United States of America
As of 2018 OPEC, USA holds the world’s fifth largest natural gas reserves with 9067 billion cubic meters. Initially in 2015, natural gas in United States is seen as great source for electricity generation. The largest gas fields in United States are located in Texas. The interstate gas pipeline in United States extends more than 189,000 miles. The United States is the largest producer of NGL (Natural Gas Liquid).
2019 Proven Gas Reserves: 474.82 trillion cubic feet
2019 Natural Gas production: 864 billion cubic feet
For More Details : Visit : https://www.readofia.com/
Facebook :https://www.facebook.com/readofia
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Pinterest : pinterest.com/readofia/
- published: 18 Sep 2021
- views: 45648
1:28
The Massive Gas Field That Europe Can’t Use
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity ...
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia. But, the field is in the process of shutting down. Bloomberg News reporter Cagan Koc explains why.
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Earthquake risks in the Netherlands have locals unwilling to plug the Russia-related energy shortfall.
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia.
Instead the field is in the process of shutting down, and the Netherlands is rebuffing calls to pump more, even as Europe braces for perhaps its toughest winter since World War II. The reason: Drilling has led to repeated earthquakes, and Dutch officials are loath to risk a backlash from residents by breaking promises.
Read more: https://www.bloomberg.com/news/articles/2022-10-06/dutch-close-europe-s-biggest-gas-field-despite-energy-crisis
#Europe #Gas #Groningen
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
Bloomberg Quicktake: Explained brings you the context behind the headlines, helping you see the day's news through the prism of what will matter in the years ahead. Check out our partner channels Bloomberg Quicktake: Originals for original series and Bloomberg Quicktake: Now for breaking global news.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
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https://wn.com/The_Massive_Gas_Field_That_Europe_Can’T_Use
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia. But, the field is in the process of shutting down. Bloomberg News reporter Cagan Koc explains why.
Like this video? Subscribe: https://bit.ly/3iERrup
Earthquake risks in the Netherlands have locals unwilling to plug the Russia-related energy shortfall.
Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia.
Instead the field is in the process of shutting down, and the Netherlands is rebuffing calls to pump more, even as Europe braces for perhaps its toughest winter since World War II. The reason: Drilling has led to repeated earthquakes, and Dutch officials are loath to risk a backlash from residents by breaking promises.
Read more: https://www.bloomberg.com/news/articles/2022-10-06/dutch-close-europe-s-biggest-gas-field-despite-energy-crisis
#Europe #Gas #Groningen
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
Bloomberg Quicktake: Explained brings you the context behind the headlines, helping you see the day's news through the prism of what will matter in the years ahead. Check out our partner channels Bloomberg Quicktake: Originals for original series and Bloomberg Quicktake: Now for breaking global news.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Connect with us!
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake
- published: 06 Oct 2022
- views: 7222