Introduction Table .1 OPEC Graph.1 Major Natural gas producers Graph.2 Gas Exporting Countries Forum (GECF)
Natural gas Demand & Price
Natural gas could be the 100% replacement of crude oil’
Natural gas is a very important energy source in the world and it is the cleanest and most hydrogen rich of all the hydrocarbon energy sources and it has high energy conversation efficiencies for power generation . In olden days natural gas was only producing for by-product of a crude oil and there was no usage of this gas. Gas experts think the end-user consumption is going to increase 60% from present to coming 20 year . Present day’s natural gas using variety of usages like automobiles, chemical plants, fertilizer plants, etc. Natural gas considered combustible mixture of hydrocarbon gases. Natural gas mainly contains with methane and associated with Ethane, Propane and Butane. Natural gas is to be considered cleanest and low density fossil fuel among the petroleum products . Table .1 Typical Composition of Natural Gas
Rare gasesA, He, Ne, Xetrace
source: http://www.naturalgas.org When natural gas the amount of methane is higher it is normally called ‘dry’ and when hydrocarbon present in natural gas it is called ’wet’. Nowadays natural gas transporting is mostly in pipelines but it is more convenient for onshore applications, in the same offshore application is not attractive because of depth of water, distance and some oceans have iceberg traffic this is very dangerous for this gas transportation. The one important alternative method of marine transportation is compressed natural gas (CNG). In this method gas at high pressure typically between 13 and 25 Mpa in high-pressure storage container. The advantage of the CNG is scalability and simple production process, mobile capital investment (ship).Natural gas conversion technologies such as GTL( gas to liquid ) and CNG are attractive more now a days But the in terms of cost this business will discuss more on this.
2. Organization of the Petroleum Exporting Countries OPEC:
OPEC is a cartel of a most oil producing and oil exporting countries around the world. Now there are 12 oil developing countries like Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE and Venezuela. OPEC playing an important role in the international oil market like crude oil price, market and production. A consortium like OPEC among the gas producing countries is very much important in the coming decade. 4. Gas Exporting Countries Forum (GECF)
GECF members control over 70% of the world's natural gas reserves, 38% of the pipeline trade and 85% of the liquefied natural gas (LNG) production. The three dominant members--Russia, Iran and Qatar--alone hold about 57% of global gas reserves . This group of gas exporters are trying to make a similar organization like OPEC in these years. In GECF Russia, Iran, Qatar are the main key members here I am going to discuss these 3 countries involvements in the world natural gas market. 3. Major Natural gas producers
According to proved reserve Russia, Iran, Qatar, Saudi Arabia, Turkmenistan is the major natural gas reserve in the world . In 2001 the major gas exporting countries form a forum same like OPEC that is called Gas Exporting Countries Forum (GECF).Now GECF have mainly 14 countries all over the world they are the active...