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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference.
Nacero has licensed Topsoe TIGAS (Topsoe Improved Gasoline Synthesis) technology for its multi-billion USD natural-gas-to-gasoline facility in Penwell, Texas to produce 100,000 barrels per day of gasoline component ready for blending into US commercial grades. The captured CO 2 will be used for enhanced oil recovery.
Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%
Malaysia-based Petronas has signed a Heads of Agreement (HOA) with Uzbekistan’s national oil and gas company Uzbekneftegaz (UNG) and Sasol Ltd of South Africa, making further progress on the development and implementation of a proposed Uzbek gas-to-liquids (GTL) project.
But EMIT has demonstrated another capability: detecting the presence of methane, a potent greenhouse gas. Methane is a potent greenhouse gas that is much more effective at trapping heat in the atmosphere than carbon dioxide. The cube (left) shows methane plumes (purple, orange, yellow) over Turkmenistan.
It will also establish fast transportation links connecting Astana and Aktobe with the major oil and mineral–rich city of Atyrau, and the country’s only international commercial seaport in Aktau.
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