Oil and Natural Gas 425
Double-hulled
tanker
Insulated
storage
tanks
Reserves of Oil and
Natural Gas
Oil and natural gas deposits exist on
every continent, but their distribution
is uneven. More than half of the world’s
total estimated reserves are situated in the
Persian Gulf region, which includes Iran,
Iraq, Kuwait, Oman, Qatar, Saudi Arabia, Syria,
the United Arab Emirates, and Yemen. Major oil
fields also exist in Venezuela, Mexico, Russia, Kazakhstan,
Libya, and the United States (in Alaska and the Gulf of
Mexico; }ÕÀiʣǰ£ä).
Almost half of the world’s proved recoverable re-
serves of natural gas are located in two countries, Russia
and Iran. The United States has more deposits of natural
gas than western Europe.
Large oil deposits probably exist under the conti-
nental shelves, the relatively flat underwater areas that
surround continents, and in deep-water areas adjacent
to the continental shelves. Despite problems such as
storms at sea and the potential for oil spills, many coun-
tries engage in offshore drilling. As many as 18 billion
barrels (756 billion gals) of oil and natural gas may ex-
ist in the deep water of the Gulf of Mexico, just off the
continental shelf from Texas to Alabama. Continental
shelves off the coasts of western Africa and Brazil are
also promising potential sources of oil. Environmental-
ists and coastal industries such as fishing generally op-
pose opening the continental shelves for oil and natural
gas exploration because of the threat of a major oil spill.
must first be compressed to form liquefied natural gas
(LNG) and then carried on specially constructed re-
frigerated ships (}ÕÀiʣǰ). After LNG arrives at its
destination, it must be returned to the gaseous state at
regasification plants before being piped to where it will
be used. Currently, the United States has only four such
plants, which severely restricts the importation of natural
gas from other countries. American energy companies
claim that the United States needs at least 40 regasifi-
cation plants to keep costs down for natural gas and to
meet increasing demands.
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Tanker ships transport liquified natural
gas in large, cylindrical tanks.