Skoltech researchers have found a way to produce hydrogen from natural gas with 45% efficiency right in the gas field by injecting steam and a catalyst into a well and adding oxygen to ignite the gas. Catalyst-assisted combustion produces a mixture of carbon monoxide and hydrogen, from which the latter can be easily extracted. This technology will help accelerate the transition from fossil fuels to clean hydrogen power. The study was published in Fuel.
This worst case scenario is probably the same as with any reservoir of natural gas (a massive leak and explosion), which is all the more reason to convert it to hydrogen and sequester the weaker, non-flammable GHG byproduct in situ.