Abstract
Utilization of natural gas as a primary source of energy has been increasing steadily. It constituted about 22.7% of the primary energy consumed by the world in 1991. In this paper the life of world natural gas reserves is evaluated in relationship to the rate of their consumption. An algorithm is used to calculate the rate of consumption and the life of these reserves as a function of annual growth rate of gas consumption. If the future rate of comsumption is kept constant at the level of 1991, i.e., zero annual growth rate, the gas reserves will last for about 62 years. The same reserves will last for only 34 and 28 years for annual growth rates of 3.33% and 5.0%, respectively. Increase in the amount of reserves will only increase its life slightly at high annual growth rates. On the other hand, natural gas reserves can last indefinitely if world annual growth rate is -1.63% or lower.
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