shale gas:new source of energy

D

dimpy.handa

Dimpy Handa
There is no great energy crisis that requires us to throw money at shale gas. US and European oil supplies are now greatly diversified, with oil from Nigeria, Angola and Canada relieving the reliance America once had on the Middle East. The development of liquefied natural gas supply chains from a range of countries has had a similar impact in the gas market. The price of oil and gas is very variable, reflecting changing issues of supply and demand, so there is no reason to assume that current higher prices will last. It would be better for governments to focus on reducing energy consumption through greater efficiencies, and in diversifying away from fossil fuels as a category, by investment in renewables and nuclear power.
 
Yes, it can change its exploration policy to harness a new energy source, shale gas. No Indian has paid attention to the dramatic emergence of shale gas in the US, which has produced a gas glut. This has slashed the US price of natural gas by 75% from its peak in mid-2008. India must learn from this.
 
The primary differences between modern shale gas development and conventional natural gas development are the extensive uses of horizontal drilling and high-volume hydraulic fracturing. According to a recent DOE report, the use of horizontal drilling has not introduced any new environmental problems. While unconventional gas sources like gas shales reserves are plentiful, cost to produce is more than the conventional gas production of yesteryears. The shale gas cost has been estimated to be between $6 per mmbtu (Million British Thermal Units) to $9 to 10.
 
shale-gas.jpg
 
You must log in or register to reply here.
Back
Top