Stranded Gas
In addition to the Natural Gas reserves that are being pumped across the globe for energy consumption, large quantities of NG remain untouched, or worse yet, wasted. In particular, stranded and associated gases represent a major untapped supply of NG.
As NG is becoming a more popular energy choice-particularly in the automotive market-it is increasingly necessary to utilize stranded and associated gases for energy consumption.
Stranded Gas is NG that has been discovered, but remains unusable for either physical or economic reasons. This phenomenon typically occurs when smaller reserves of gas are found, or they reserves are far from land. As gas pipeline infrastructure is expensive, small or distant quantities of gas often do not financially justify the building of a pipeline.
Associated Gas is gas that is found together with oil. While oil is easy to transport due to its liquid composition, the associated gas typically does not warrant the investment of pipeline infrastructure. Associated gas is typically flared, at great expense to the owner, as well as the environment. Associated gas may also be re-injected to the well. Either way, a valuable resource is not being properly utilized.
Approximately 40% of the world's NG reserves are classified as stranded gas. It is estimated that there are currently 3,000 trillion cubic feet of stranded NG across the globe. The amount of energy that could be provided to the world with this quantity of NG is equivalent to the energy represented by the oil reserves of Saudi Arabia. Stranded gas therefore represents billions of dollars in unutilized assets.
Energtek's proprietary technology solutions including CNG LiteTM and LMP (Low-pressure Mobile Pipeline) bulk transportation solutions enable an efficient localized monetization of Stranded and Associated gases.
