COMMERCIALIZATION AND MONETIZATION OF NATURAL GAS RESOURCES [Version 2]

Despite conscious global race toward reduction in reliance on fossil fuel (vs. renewables) for the world’s energy needs, the reality is that hydrocarbon is and will remain a substantial part of global energy mix for foreseeable future. Natural gas occupies a unique place in this energy mix because it is in much abundance versus oil and it is viewed as somewhat a lesser “evil” versus crude oil.  A common challenge is that of stranded gas where the gas accumulation is located far from existing infrastructure and markets. The challenges faced by most gas rich countries are varied and multifaceted. Due to shale gas production, the USA faces glut (therefore depressed gas-prices) and inadequate gas transportation pipeline from the fields to market. Most hydrocarbon resource rich developing countries face a different kind of challenge; they have enormous gas resources but lack the necessary infrastructure and economy to develop and monetize the gas in the domestic market. In addition, legacy policies focused mainly on LNG for export invariably leaves these gas resources at the mercy of international price speculations and competition for investment.

This is a workshop style training program. It trails the journey of the gas molecule from the well head to the market and highlights suitable development concepts and processes, commercialization options, technologies, and the challenges faced along the line. Particular attention is paid to stranded gas development. Case studies of a few gas development projects are discussed to highlight issues taught during the course.  At the end, participants are expected to gain better appreciation for issues surrounding gas development, commercialization and monetization.