Gas in the world > Reserves
Reserves
The figures published by Oil and Gas Journal in late 2009 reveal an annual increase in proven world natural gas reserves of 6%, one of the highest figures of recent years.

As in the case of oil, the region which has seen the greatest increase in its gas reserves was Asia/Oceania, where total proven natural gas reserves grew by more than 25%. A new audit of figures for Australia (obtained from Geoscience Australia), increased the figures for the previous year by a factor of 2.6. The country now holds the fourth-largest resources of gas in the world.

Alongside Australia, China also saw a notable increase in its gas reserves, with an increase in its share of 33.8%.   United States and Canada have also increased their reserves, with the figure for the US 40% higher than the estimate produced just five years ago.
World's proved natural gas reserves. Trillions of m3 (1)
 
  •  
  • North America
  • Central & South America
  • OECD-Europe
  • Eastern Europe and CIS
  • Africa
  • Middle East
  • China and India
  • TOTAL
1970
  •  
  • 9,4
  • 1,9
  • 3,6
  • 12,5
  • 3,8
  • 6,6
  • 1,6
  • 39,4
1975
  •  
  • 8,5
  • 2,4
  • 4,1
  • 24,2
  • 5,2
  • 15,3
  • 3,4
  • 63,1
1980
  •  
  • 8,0
  • 4,4
  • 3,9
  • 31,6
  • 5,7
  • 18,5
  • 4,8
  • 76,9
1985
  •  
  • 8,4
  • 5,4
  • 5,7
  • 38,0
  • 5,9
  • 25,9
  • 7,0
  • 96,3
1990
  •  
  • 7,5
  • 6,9
  • 5,5
  • 52,5
  • 8,5
  • 37,8
  • 10,6
  • 129,3
1995
  •  
  • 6,5
  • 7,8
  • 6,2
  • 58,9
  • 9,9
  • 44,7
  • 13,1
  • 147,1
2000
  •  
  • 6,5
  • 7,7
  • 8,1
  • 52,7
  • 11,4
  • 54,7
  • 11,9
  • 153,0
2005
  •  
  • 7.0
  • 7,4
  • 6,5
  • 53,7
  • 14,1
  • 72,5
  • 13,9
  • 175,1
2008
  •  
  • 8,4
  • 7,7
  • 6,2
  • 53,9
  • 14,6
  • 73,9
  • 15,5
  • 180,0
2009
  •  
  • 9,2
  • 7,9
  • 6,1
  • 54,2
  • 14,8
  • 75,2
  • 16,4
  • 183,7
2010
  •  
  • 9,5
  • 7,9
  • 6,0
  • 58,9
  • 14,8
  • 77,1
  • 20,5
  • 194,7
(1) Figures at the beginning of year.

Source: CEDIGAZ y Oil and Gas Journal. Prepared by Sedigas.

By geographical area, of the 194.7 trillion (1012) m3 estimated proven reserves, almost 40% are in the Middle East; 30.3% lie within the territory of the CIS, in particular Russia, with 23% of world reserves, and 20% in Asia/Oceania. Alongside North America (in this case directly linked to an increase in non-conventional gas), these were the only geographical areas to record an increase in reserves. In fact North America now has gas reserves which are even greater than those recorded in 1970, following 40 years of intense levels of output and consumption.

The Russian Federation (estimated reserves of 44,900 bcm), is followed by Iran, Qatar, Australia, Saudi Arabia (which does not export and has 7700 bcm), the United States, Abu Dhabi, Nigeria, Venezuela and Nigeria, the last two with resources of more than 5000 bcm of gas.

EVE
PROVED WORLD NATURAL GAS RESERVES. CHANGE BY COUNTRY. 109 m3(1)
 
  • North America
  • USA
  • Canada
  • South & Central America
  • Venezuela
  • Bolivia
  • Argentina
  • Trinidad & Tobago
  • Mexico
  • Brazil
  • Peru
  • Western Europe
  • Norway
  • Netherlands
  • United Kingdom
  • Germany
  • Italy
  • Eastern Europe and CIS
  • Russia
  • Turkmenistan
  • Kazakhstan
  • Uzbekistan
  • Azerbaijan
  • Ukraine
  • Romania
  • Africa
  • Nigeria
  • Algeria
  • Egypt
  • Libya
  • Angola
  • Middle East
  • Irán
  • Qatar
  • Saudi Arabia
  • Abu Dhabi
  • Iraq
  • Kuwait
  • Oman
  • Yemen
  • China and India
  • China
  • Indonesia
  • Australia
  • Malaysia
  • India
  • Pakistan
  • Papua-New Guinea
  • Bangladesh
  • Brunei
  • TOTAL WORLD
2005
  • 7.044
  • 4.451
  • 1.593
  • 7.378
  • 4.287
  • 757
  • 542
  • 532
  • 419
  • 326
  • 325
  • 6.462
  • 3.159
  • 1.449
  • 826
  • 191
  • 125
  • 295
  • 53.743
  • 44.840
  • 2.680
  • 1.900
  • 1.745
  • 1.275
  • 1.040
  • 14.078
  • 5.117
  • 4.545
  • 1.869
  • 1.491
  • 270
  • 72.544
  • 27.500
  • 25.783
  • 6.834
  • 5.660
  • 3.170
  • 1.572
  • 690
  • 479
  • 13.884
  • 2.020
  • 2.650
  • 2.587
  • 2.272
  • 923
  • 798
  • 428
  • 422
  • 343
  • 175.133
2007
  • 7.617
  • 5.977
  • 1.640
  • 7.592
  • 4.705
  • 710
  • 446
  • 481
  • 392
  • 348
  • 335
  • 6.364
  • 3.022
  • 1.316
  • 684
  • 155
  • 94
  • 628
  • 53.766
  • 44.855
  • 2.680
  • 1.910
  • 1.755
  • 1.275
  • 1.030
  • 14.388
  • 5.207
  • 4.504
  • 1.985
  • 1.491
  • 270
  • 73.361
  • 27.575
  • 25.636
  • 7.154
  • 6.030
  • 3.170
  • 1.780
  • 690
  • 485
  • 14.743
  • 2.449
  • 3.000
  • 2.421
  • 2.371
  • 1.075
  • 847
  • 435
  • 383
  • 331
  • 177.831
2008
  • 8.364
  • 6.730
  • 1.634
  • 7.719
  • 4.838
  • 710
  • 442
  • 479
  • 373
  • 365
  • 355
  • 6.167
  • 2.961
  • 1.266
  • 647
  • 137
  • 84
  • 628
  • 53.859
  • 44.900
  • 2.680
  • 1.950
  • 1.755
  • 1.285
  • 1.030
  • 14.571
  • 5.292
  • 4.504
  • 2.060
  • 1.495
  • 270
  • 73.887
  • 28.000
  • 25.600
  • 7.300
  • 6.030
  • 3.170
  • 1.784
  • 690
  • 488
  • 15.459
  • 3.000
  • 3.000
  • 2.362
  • 2.347
  • 1.055
  • 850
  • 435
  • 374
  • 343
  • 180.026
2009
  • 9.168
  • 7.468
  • 1.700
  • 7.916
  • 4.982
  • 710
  • 399
  • 500
  • 359
  • 365
  • 415
  • 6.101
  • 2.985
  • 1.236
  • 625
  • 95
  • 69
  • 629
  • 54.231
  • 44.900
  • 3.000
  • 1.950
  • 1.745
  • 1.359
  • 1.020
  • 14.775
  • 5.292
  • 4.504
  • 2.170
  • 1.540
  • 310
  • 75.184
  • 29.050
  • 25.580
  • 7.570
  • 6.030
  • 3.170
  • 1.784
  • 690
  • 490
  • 16.371
  • 3.090
  • 3.280
  • 3.145
  • 2.330
  • 1.065
  • 843
  • 442
  • 344
  • 350
  • 183.746
2010
  • 9.534
  • 7.686
  • 1.848
  • 7.882
  • 5.129
  • 710
  • 360
  • 410
  • 346
  • 364
  • 414
  • 6.038
  • 2.985
  • 1.222
  • 532
  • 137
  • 51
  • 629
  • 58.882
  • 44.900
  • 3.000
  • 1.950
  • 1.745
  • 1.359
  • 1.020
  • 14.810
  • 5.324
  • 4.504
  • 2.170
  • 1.539
  • 312
  • 77.117
  • 30.634
  • 25.792
  • 7.718
  • 6.030
  • 3.170
  • 1.788
  • 690
  • 490
  • 20.486
  • 4.133
  • 3.280
  • 11.532
  • 2.330
  • 1.065
  • 800
  • 442
  • 475
  • 350
  • 194.749
Change(%)
  • 4,0
  • 2,9
  • 8,7
  • -0,4
  • 3,0
  • 0,0
  • -9,8
  • -18,0
  • -3,6
  • -0,3
  • -0,2
  • -1,0
  • 0,0
  • -1,1
  • -14,9
  • 44,2
  • -26,1
  • 0,0
  • 8,6
  • 0,0
  • 0,0
  • 0,0
  • 0,0
  • 0,0
  • 0,0
  • 0,2
  • 0,6
  • 0,0
  • 0,0
  • -0,1
  • 0,6
  • 2,6
  • 5,5
  • 0,8
  • 2,0
  • 0,0
  • 0,0
  • 0,2
  • 0,0
  • 0,0
  • 25,1
  • 33,8
  • 0,0
  • 266,7
  • 0,0
  • 0,0
  • -5,1
  • 0,0
  • 38,1
  • 0,0
  • 6,0
Share(%)
  • 4,9
  • 3,9
  • 0,9
  • 4,0
  • 2,6
  • 0,4
  • 0,2
  • 0,3
  • 0,2
  • 0,2
  • 0,2
  • 3,1
  • 1,5
  • 0,6
  • 0,3
  • 0,1
  • 0,0
  • 0,3
  • 30,2
  • 23,1
  • 1,5
  • 1,0
  • 0,9
  • 0,7
  • 0,5
  • 7,6
  • 2,7
  • 2,3
  • 1,1
  • 0,8
  • 0,2
  • 39,6
  • 15,7
  • 13,2
  • 4,0
  • 3,1
  • 1,6
  • 0,9
  • 0,4
  • 0,3
  • 10,5
  • 2,1
  • 1,7
  • 5,9
  • 1,2
  • 0,5
  • 0,4
  • 0,2
  • 0,2
  • 0,2
  • 100
(1) Only includes the countries with the largest reserves in each area. Data refers to the beginning of each year.

Source: CEDIGAZ and Oil and Gas Journal. Prepared by Sedigas.

Some of the data available indicate that worldwide investment in exploration and drilling activities for new gas fields declined during 2009.  The reasons for this were the low prices of the product on the market, the weakness of demand and the harshening of financial conditions. In the USA the forecasts of the Energy Information Administration for 2010 suggest a downturn in output of 4%.

Discoveries of non-conventional gas are transforming the medium-term prospects regarding worldwide availability of natural gas.  Non-conventional gas resources could add between 60% and 250% to worldwide gas reserves according to the statements of a number of specialists at the most recent World Gas Conference.

New techniques such as horizontal drilling and hydraulic rock fractures are being employed for the production of non-conventional gas. Prospects for resources and output are very high, while methods of exploitation continue to progress. There does exist a degree of consensus within the scientific community as to the idea that the extraction technique known as depressurisation is the most cost-effective method.

Iberdrola, Endesa y Enagas
ENAGAS
A calculation of the accounted gas reserves at the close of 2009 indicates that they have now surpassed oil reserves. These reserves guarantee availability of natural gas worldwide for some 62 years, based solely on the gas fields currently known.
Annual Report 2.009: Sedigas - The Spanish Gas Association