New study attempts to quantify how long natural gas reserves will last
Monday, April 21, 2014, 8:17 PM -
A recent study by researchers at Australia's Curtin University suggests the planet has enough natural gas to last about 400 years at the current rate of consumption.
That would fall to 110 years if production were to increase at a rate of about two percent per year.
Historically, global natural gas consumption is rising at a rate of about 2.7% per year, according to oil giant BP.
Lead author Roberto F. Aguilera says the study bears a local significance, as a large portion of Earth's natural gas is located in Australia.
According to Dr. Aguilera, natural gas contributes to fewer emissions than oil and carbon, although there are concerns about the environmental impact of extracting the resource.
The full study will be published this June in the journal Fuel.