Peak Oil to Peak Gas is a short ride

Peak Oil precedes Peak Gas, but the time interval between the two is not ‘canonical’ or fixed, exactly like the division of ‘associated’ gas and ‘unassociated’ or ’stranded’ gas – the first being associated with oil production, the second not. How fast we arrive at Peak Gas, or a permanent decline in net total gas production and supply will depend on how gas/oil tradeoffs are made, driven by relative prices and other factors, especially the cost and time needed to build gas gathering and recovery infrastructures for ‘associated’ gas, and new, almost exclusively LNG infrastructures for ’stranded’ gas. Where it is not possible to build these infrastructures, gas will be lost in larger and larger quantities, shortening the time to Peak Gas through a combination of reduced reserves, and insufficient production installations and transport infrastructures. This is the exact dilemma now facing Russia’s Gazprom, a ‘microcosm’ of the world context in which too much delay in recovering the current vast quantities of ‘associated’ gas that are thrown away can only advance the date of Peak Gas.
Energy Bulletin