Business Daily from THE HINDU group of publications
Friday, Jul 18, 2008
ePaper | Mobile/PDA Version | Audio


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Petroleum
Industry & Economy - Petroleum
Gas hydrates: An inexhaustible energy source


There is little doubt that gas hydrates as a source of energy is big - something that can permanently solve the country’s energy problem.


M. Ramesh
Advertisement

Chennai, July 17 Deep below the seabed is an infinite source of energy waiting to be tapped.

India is sitting on prognosticated gas hydrate resources of 1,894 trillion cubic metres, which is over 1,700 times as much as the proven natural gas reserves with the country — of 1.08 trillion cubic metres.

To put the resource into perspective, India consumes 90 million standard cubic metres a day of natural gas. If the estimate of prognosticated gas hydrate reserves holds true, the energy source is infinite and can last several tens of thousands of years.

For sure, the way of getting natural gas from gas hydrates — frozen methane — is unknown to science as yet. But crack the challenge, you have solved the country’s energy problem.

Of course, ‘prognosticated reserves’ is an educated guess, but still there is little doubt that gas hydrates as a source of energy is very, very big — something that can permanently solve India’s energy problem.

Indeed, much of this has been known to the Indian hydrocarbon sector for a number of years. But the recent developments in the decade-old National Gas Hydrate Programme (NGHP), while being nowhere near breakthrough, are encouraging.

The recent conclusion of the first phase of NGHP led to the discovery of gas hydrate occurrences near the Andamans and in the Krishna-Godavari and Mahanadhi basins.

In December, the NGHP will start collecting more seismic data, drill a few more holes and collect more samples of the iced gas. The exercise will lead to a closer estimate of how much natural gas is available in the hydrates.

The real challenge begins then. “Nowhere in the world does the technology (for extracting gas out of hydrates) exist,” says Mr V. K. Sibal, Director General Hydrocarbons (DGH). “But we are confident of developing the technology.”

“Clearly, this is an area of technology leadership for India,” says Mr Jairam Ramesh, Union Minister of State for Power.

“I don’t see it (gas from gas hydrates) coming in the next five years, but I am sure that in the next 10 years, it will be an important source of energy,” he told Business Line.

According to the DGH, the delay in the programme taking off was because of “non availability of a suitable deepwater drill-ship with onboard laboratories and experienced staff.”

Related Stories:
Huge potential seen for India’s abundant gas hydrate reserves
Govt to take up seismic survey on gas hydrates
Presence of gas hydrates established in KG Basin
NGRI gets gas hydrates project

More Stories on : Petroleum | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Hiring

Stories in this Section
MCX public issue by August


Rain surplus gets further eroded to 6%
MTN row: Reliance appoints arbitrator
GSM players oppose one-time spectrum fee
Storage level in major reservoirs lower than last year
Vehicle buyers seek ‘premium’ advice
Inflation rises marginally to 11.91%
Pressure on prices remains: Chidambaram
Phase I of Krishnapatnam Port goes on stream
Funds adopt active strategy to beat bear market
Gas hydrates: An inexhaustible energy source
Falling crude buoys stocks
Confusion over GSPC’s IPO this year
Generic drug makers’ concern over Ranbaxy-USFDA stand-off
Bharat Forge (Rs 240.10): Buy
Day Trading Guide
Coal market set to sizzle further
Biocon standalone net dips 33% in first quarter
Broad-scale survey of TV market to be commissioned
Realty companies now offer ‘walk-to-work’ concept
Private equity firms build up on Indian realty firms
Is gold losing glitter?
Steel stocks drag BSE Metal Index down
FIIs turn heavy buyer in index futures


Life



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line