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According to data of the statistical yearbook of BP of 2016, in the world there are 186.6 trillion cubic meters of natural gas reserves. Of these, 42.5% are located in the Middle East and 17.3% in Russia. 4.1% is located in South America and Central America, and particularly, 0.2% in Trinidad and Tobago. Trinidad and Tobago is one of the thirteen countries that forms what is called the Insular America or Caribbean Islands, located on the continental shelf of the eastern coast of Venezuela. At the beginning of June of this year, the news that the bpTT consortium, participated in 30% by Repsol, has found in a sheet of water 150 meters east of the island of Trinidad, two wells (Savannah and Macadamia), with an approximate volume of 2 trillion cubic feet (2TCF), assuming the greatest discovery of the decade in the country. This volume of gas is equivalent to a consumption of two years in Spain.
This supposes a consolidation of the country as the second in terms of production for Repsol, which very recently also discovered in Alaska resources equivalent to 1.2 billion recoverable barrels of light crude. Natural gas is a hydrocarbon that produces less CO2 in its combustion, does not generate solid particles or smoke and is the cleanest of gaseous fuels. This makes it an important fuel when it comes to moving towards a more sustainable energy model. It seems, therefore, good news, that there are discoveries of important reserves that help increase the trend growth of 1.6% per year in the last ten years in this type of reserves.
By 2050, the European Union has set itself the goal of reducing greenhouse gas emissions by 80% to 95% compared to 1990 levels. In the Paris Agreement of 2015, within the framework of the The United Nations Framework Convention on Climate Change, was committed to achieving the neutrality of greenhouse gas (GHG) emissions to contain the increase in the Earth's temperature. This commitment is unfeasible if one continues with the predominant fuel sources today. Natural gas can and should play a fundamental role when it comes to designing a strategic policy, of an energetic type, that can truly achieve those marked objectives. In that sense, it is essential to continue working to find new reserves, although it would always be a fuel source of transition to achieve profound changes in: The form of electric power generation, based 100% on renewable energies. The modes of transport used, both for goods and for people. The patterns of energy consumption. It is fundamental, therefore, the destination of important economic resources for research, development and application of new ways of thinking and understanding energy, its consumption and even our way of acting on natural resources, as well as in the education and training of new habits and customs Meanwhile, it is important to discover new reserves of fuels that are less harmful to our environment.
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