1 October 2009
Unconventional gas could add 60-250% to global reserves
By NJ Watson Unconventional gas resources could add another 60-250% to world gas reserves, speakers at the WGC said yesterday. "As-yet undeveloped or unidentified unconventional gas could contribute a further 4,000 trillion cubic feet (cf) to reserves over the next few years," said Tony Hayward, chief executive of BP. That would add 60% to BP's 2008 estimate of conventional world gas reserves of 6,500 trillion cf. Hayward said a "quiet revolution" was taking place in North America, where new techniques such as horizontal drilling are allowing developers to access deposits of unconventional tight and shale gas, and coal-bed methane (CBM) at much lower costs than thought possible five years ag
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
