Scanned by: GavinChuaover 5 years ago
The total reserve of fuel ice (natural gas hydrate) on the northern continental slope of the South China Sea has finally been verified. It reaches an equivalent of 18.5 billion tons of oil, which equals six times the verified geological reserve of oil and gas in the deep waters of the South China Sea, said an official recently. "Fuel ice, also known as natural gas hydrate, will be the world’s largest alternative energy source in the future," Wu Jiandong, energy strategist and advisor to China Reform magazine said in an interview with Shanghai Securities News.
It is widely accepted that fuel ice is the energy which will replace coal and crude oil in the 21st century. It is not a renewable energy, but it is a highly-condensed solid, and one cubic meter of fuel ice is equivalent to 164 cubic meters of ordinary natural gas. According to Wu's projection, in the coming seven to eight years, the level of commercial application of natural gas hydrate will increase and could possibly replace existing energy sources like coal and crude oil.