WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Japan Begins to Extract Natural Gas from Offshore Methane Hydrates

Japan has announced what it believes to be a world first, the production of natural gas from offshore methane hydrate deposits.

Methane hydrates are a very underdeveloped, under-investigated source of energy, although experts suggest that there may be twice as much energy in methane hydrates around the world than in all other types of fossil fuels; what this would mean for the environment is still unknown.

Japan has invested hundreds of millions of dollars on offshore methane hydrate exploration over the past decade or so, and it seems as though it is about to finally pay off.

Related article: Can Qatar's Success with Gas-to-Liquids Fuels Be Repeated in the U.S.?

The Japanese Ministry of Economy, Trade, and Industry revealed that a team aboard the drilling ship Chikyu had started extracting gas from a methane hydrate deposit around 80 kilometres off the south coast of the Atsumi Peninsula in central Japan.

Takami Kawatomo, a spokesman for Japan Oil, Gas & Metals National Corp., the state-run company leading the operation, said that “Japan could finally have an energy source to call its own.”

The extraction trials will continue for about two weeks to determine the viability of larger scale projects in the future. Japan hopes to develop commercially viable extraction technology within five years.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • MrColdWaterOfRealityMan on March 14 2013 said:
    Any word on price of net energy for this?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News