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From our perspective, the declarations made and the agreements reached at The 2015 United Nations Climate Change Conference (COP 21) in Paris made little or no reference to the future role of natural gas. This fossil fuel, without any hesitation, is the source of energy that could make reality the binding arrangements agreed in Paris. Let us explain why.

At the end of this 2015 (percentages more or less for a simple understanding of the subject), the world energy matrix is composed of 30% coal, 30% oil, 25% natural gas and 15% of other source of energy, mainly those considered clean (hydro, solar, wind, etc.). Replacing the three fossil fuels (coal, oil and natural gas), which make up about 85% of the global energy matrix? Impossible with current technology and existing alternative energy resources that are not abundant, are mostly intermittent and still quite expensive.

Of the three referred fossil fuels, natural gas is by far the one with fewer emissions of CO2 to reduce global warming, which worry all of us. Natural gas CO2 emissions are lower in 40 to 50% when compared to coal and 25 to 30% to oil and oil products. Therefore, public policies of countries that signed binding agreements should be aimed at massively replacing coal and oil with natural gas. This will enable us to reduce emissions and reach the target of increasing temperature less than 2 degrees Celsius.

Abundant energy is imperative (storable and not intermittent) to sustain the world energy demand in the long run and thus trigger more economic growth and reduce poverty for millions of people. As we will see natural gas has this condition.

There are close to 6,550 trillion cubic feet (TCF) of conventional natural gas reserves that give us approximately 55 years of life at current rates of consumption. The recent technological breakthrough of shale gas gives us another 7,300 TCF and adds another 61 years. Total we have 116 years and of course there are more conventional resources and shale gas resources that could be discovered at a later date. Vast quantities of methane hydrates (natural gas) exist in several coasts of the planet and still don’t have technology to be developed commercially.

Thus, without any hesitation, natural gas is the source of energy that we have at hand for transitioning to other abundant and cleaner energy so...