APLA '11: Argentina leads region in shale resources – consultant

07 November 2011 14:52  [Source: ICIS news]

BUENOS AIRES (ICIS)--Argentina leads Latin America in technically recoverable shale gas resources, a consultant said on Monday, estimating that the country has 774 trillion cubic feet (tcf) – 21.9 trillion cubic metres – of resources.

Mexico is in second place, with 681 tcf, while Brazil has 226 tcf, said Robert Brandt, a natural gas consultant in Argentina.

The challenge for Latin America is to make the transition from resources to reserves, he told delegates at the 31st Latin American Petrochemical Association (APLA) annual meeting in Buenos Aires, Argentina.

Shale gas has played a major role in reshaping the energy landscape of the US, particularly for petrochemicals, because the product can be used as a feedstock for ethylene.

The US has an estimated 862 tcf of recoverable shale gas resources, according to the countrys Energy Information Administration (EIA).

Shale gas now accounts for 23% of total US natural gas production, rising to 4.87 tcf in 2010, from 0.39 tcf in 2000, EIA data shows.

According to the US Department of Energy, 1 tcf of natural gas is enough to heat 15m homes for one year, generate 100bn kWh of electricity, or fuel 12m natural-gas-fuelled vehicles for one year.

The 2011 APLA conference is due to end on Tuesday.

By: William Lemos
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index