Monday, June 25, 2012

Germans Taking a Hard Look at shale Gas

Germany has estimated shale gas reserves totaling 6.8 to 22.6 trillion cubic meters.  Of those reserves, a long awaited report by the Federal Institute for Geosciences and Natural Resources indicates .7 to 2.3 trillion is recoverable.  I suspect GasFrac's use of liquid / gel LNG for fracking could increase the recovery rate considerably and by the time the German's begin exploration even more innovations may be available.

The moral of this story is that cheap, abundant, clean and environmentally friendly natural gas reserves exist all over the world.  This story, which has been documented in the US, Canada, Russia, China, Poland and now Germany will continue to repeat itself around the globe.

The Federal Institute for Geosciences and Natural Resources (BGR) said between 0.7 trillion and 2.3 trillion cbm of the gas could be technically extracted. 
This is calculated as a 10 percent extraction rate they believe is achievable from the 6.8 trillion-22.6 trillion cbm of shale gas they have located in the country. 
"Germany has a significant shale gas potential," the Hanover-based authority said in a press statement. 
It said modern drilling techniques called fracking for the exploitation of shale gas reserves could be reconciled with the need to safeguard drinking water and prevent seismic risks.

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