South Korea has extracted gas hydrate — an alternative fuel source Seoul hopes might help reduce its heavy dependance on oil imports — in its eastern territorial waters, a news report said Sunday.
Gas hydrate, a crystalline compound of water and natural gas found in ocean beds, can be converted for use as liquid natural gas.
The gas hydrate extracted last week in waters about 85 miles northeast of the southeastern industrial city of Pohang was of top quality, Yonhap news agency reported.
It said the area is within South Korea's exclusive economic zone, and that the country plans to start drilling at five spots there in September.
Oh Gawd, I hope their efficiencies are astronomically high. Methane is a far better greenhouse gas than carbon dioxide is. The climate guy that I have been fortunate enough to work with had stated in his talk that I blogged a bit about that the efficiencies of extracting methane hydrates that he was aware of was 10% (where the rest was released into the atmosphere.)
Can you say, Hello Permian?