Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
IEA says proper rules can bring gas 'golden age'
by Staff Writers
London (AFP) May 29, 2012


The coming decades could be a golden age for natural gas if unconventional resources are exploited in an environmentally acceptable manner, the International Energy Agency said Tuesday.

In a new report, the IEA proposed a set of "golden rules" that would spur gas development by imposing high environmental standards to reassure a wary public.

Stiff public opposition represents a key obstacle to broad development of known resources.

A potentially "bright future" is far from assured, the IEA said, as long as "social and environmental concerns" associated with unconventional gas extraction persist.

Hydraulic fracturing, the technique banned in France but behind a recent boom in US gas production, is the most controversial of these new processes and involves pumping liquids and chemicals deep underground at high pressure to release trapped gas deposits.

The IEA acknowledged that producing shale gas was an "intensive industrial process, generally imposing a larger environmental footprint than conventional gas development" and could have major implications for local communities and water resources.

But if the energy industry adopted a set of golden rules, the IEA argued, local populations would better accept the new methods and "allow for a continued global expansion" of gas supplies "with far-reaching consequences for global energy markets."

The IEA's proposed rules stress "full transparency" on the part of gas developers and would require a careful choice of drilling sites to reduce above-ground impacts and minimise the risks of earthquakes or water supply contamination.

"Leaks from wells into aquifers can be prevented by high standards of well design, construction and integrity testing," the IEA insisted while urging governments to create adequate supervisory systems to both monitor the work and reassure developers.

In an optimal scenario where its rules are adopted, the IEA said production of unconventional gas could more than triple to 1.6 trillion cubic metres in 2035, with the US becoming the world's biggest producer.

The greater availability of gas would have a strong moderating impact on prices and, as a result, global gas demand would rise by more than 50 percent between 2010 and 2035, the IEA said.

Under the golden rule scenario, the share of gas in the global energy mix would reach 25 percent in 2035, and overtake coal to become the second-largest primary energy source after oil.

On the other hand, if the golden rules were ignored, the IEA warned that gas demand would continue to trail coal, with significant consequences for global carbon emissions.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
India firms Myanmar ties during PM visit
Naypyidaw (AFP) May 28, 2012
India agreed a raft of deals with Myanmar on Monday during a visit by Prime Minister Manmohan Singh aimed at boosting trade and energy links and contesting the influence of regional rival China. The first Indian premier to visit in a quarter of a century, Singh met President Thein Sein in the capital Naypyidaw as energy-hungry New Delhi woos Myanmar after dramatic reforms ended its internati ... read more


ENERGY TECH
NASA Offers Guidelines To Protect Historic Sites On The Moon

Neil Armstrong gives rare interview - to accountant

Perigee "Super Moon" On May 5-6

India's second moon mission Chandrayaan-2 to wait

ENERGY TECH
Waking Up with the Sun's Rays

NASA Funded Research Shows Existence of Reduced Carbon on Mars

Did Ancient Mars Have a Runaway Greenhouse?

Opportunity Drives to Dusty Patch of Soil

ENERGY TECH
New Moon for India

Boeing Completes Software PDR Of New Crew Ship

NASA hails 'new era' in exploration

CU astronaut-alumnus Scott Carpenter looks back at 50th anniversary of Aurora 7 mission

ENERGY TECH
Tiangong 1 Ready To Meet Shenzhou 9

Sri Lanka plans to launch its first satellite in 2015

When Will Shenzhou 9 Be Launched

China's space women wait for blast-off

ENERGY TECH
Capillarity in Space - Then and Now, 1962-2012

Dragon on board

SpaceX Launches Falcon 9 Dragon on Historic Mission

SpaceX Dragon Transports Student Experiments to Space Station

ENERGY TECH
Ariane 5 booster roars into life

Sea Launch Prepares for the Launch of Intelsat-19

SpaceX capsule has 'new car' smell, astronauts say

SpaceX makes final approach to space station

ENERGY TECH
Newfound exoplanet may turn to dust

Cosmic dust rings no guarantee of planets

In search of new 'Earths' beyond our Solar System

Free-floating planets in the Milky Way outnumber stars by factors of thousands

ENERGY TECH
Samsung releases Chrome desktop computer

Japan firm unveils radiation-gauging smartphone

NTU and I2R scientists invent revolutionary chipset for high-speed wireless data transfer

Global mobile payments to top $171 bn: survey




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement