Due to new extraction techniques combined with strong demand growth rate in many regions, total production of natural gas keeps to increase at a significantly fast pace!
Natural gas is a mixture of gases which are rich in hydrocarbons. All these gases (methane, nitrogen, carbon dioxide etc) are naturally found in atmosphere. Natural gas reserves are deep inside the earth near other solid & liquid hydrocarbons beds like coal and crude oil. A green field project is going on in Russia to produce LNG to run aircrafts. Russia, USA and Canada are major producers & consumers. For transporting, two variants are used – LNG for cross countries exchange and CNG for domestic purpose.
Let’s discover some key points of this sector:
⚡ Natural gas is world’s 3rd largest energy source and is expected to become the 2nd after oil by 2030!
💡 Total natural gas production has reached 3937 Billion cubic metres in 2018.
📈 According to the International Energy Agency (IEA), global gas demand would increase by 1.6 percent a year to 2040.
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