The recent studies that project the role of gas hydrates in the future energy resource management are reviewed. Researchers have long speculated that gas hydrates could eventually be a commercial resource for the future. A Joint Industry Project led by ChevronTexaco and the US Department of Energy is designed to characterize gas hydrates in the Gulf of Mexico. Countries including Japan, canada, and India have established large gas hydrate research and development projects, while China, Korea and Mexico are investigating the viability of forming government-sponsored gas hydrate research projects.