ashok321
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It is very early days. Test drillings have so far taken place only in Canada and Japan, but the International Energy Agency, the western world’s energy watchdog, does not rule out the possibility of another energy revolution to rival that of the shale boom in North America.
The US Geological Survey estimates that gas hydrates worldwide are between 10 to 100 times as plentiful as US shale gas reserves.
Japan has set itself the target of bringing methane hydrates into the mainstream by the early 2020s. Despite the significant challenges, Mr Duerloo believes the world should not underestimate its dedication, inventiveness and willingness. “I think the chances they pull it off are more than half.”