TODAY.AZ / Business

BP expects global gas reserves to rise

14 June 2017 [11:35] - TODAY.AZ

By  Trend

Global proved gas reserves in 2016 rose slightly by 1.2 trillion cubic meters (tcm) or 0.6 percent to 186.6 tcm, according to BP’s Statistical Review of World Energy 2017.

“As with oil, this is sufficient to meet more than 50 years of current production (52.5 years),” BP said.
Myanmar (+0.7 tcm) and China (+0.6 tcm) were the main contributors to growth.

By region, the Middle East holds the largest proved reserves (79.4 tcm, 42.5 percent of the global total), while by country, Iran is the largest reserve holder (33.5 tcm, 18 percent total).

Global gas production was essentially flat (0.3 percent, 21 bcm increase) in 2016, the weakest growth in gas output for 34 years, other than in the immediate aftermath of the financial crisis. Production hit almost 3.552 tcm in the reporting period. Declining production in North America (-21 bcm) partially offset strong growth from Australia (19 bcm) and Iran (13 bcm).


Print version

Views: 1293

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: