Tuesday, January 8, 2013

World's Top 24 Natural Gas Proven Reserve Holders, Jan 1, 2013 -- OGJ

by David Rachovich

Estimated Proved Reserves of Natural Gas 

Rank
Country
Proved reserves
(billion cubic feet), Jan 1, 2013
Proved reserves
(billion cubic feet), Jan 1, 2012
Share of total, Jan 1, 2013
1.
Russia
1,688,228
1,680,000
24.9%
2.
Iran*
1,187,000
1,168,000
17.5%
3.
Qatar*
890,000
890,000
13.1%
4.
Saudi Arabia*
287,844
283,000
4.2%
5.
United States^
272,509
272,509
4.0%
6.
Turkmenistan
265,000
265,000
3.9%
7.
United Arab Emirates*~
215,035
215,035
3.2%
8.
Venezuela*
195,100
195,100
2.9%
9.
Nigeria*
182,008
180,458
2.7%
10.
Algeria*
159,054
159,000
2.3%
11.
China
124,230
107,000
1.8%
12.
Iraq*
111,520
111,520
1.6%
13.
Indonesia
108,400
141,060
1.6%
14.
Kazakhstan
85,000
85,000
1.3%
15.
Malaysia
83,000
83,000
1.2%
16.
Egypt
77,200
77,200
1.1%
17.
Norway
73,100
70,870
1.1%
18.
Canada
68,166
61,004
1.0%
19.
Uzbekistan
65,000
65,000
1.0%
20.
Kuwait*
63,000
63,000
0.9%
21.
Libya*
54,630
52,795
0.8%
22.
India
43,825
  40,575#
0.6%
23.
Netherlands
43,436
46,000
0.6%
24.
Australia
43,037
27,850
0.6%
World total
6,793,369
  6,746,581#
100.0%
Total OPEC**
3,359,363
3,330,137
49.5%

Notes: OGJ's annual look at worldwide gas reserves shows an increase to 6,793.4 trillion cubic feet/tcf (or 6.79 quadrillion cubic feet/Qcf) from 6,746.6 tcf in last year's survey. Total gas reserves for OPEC are up nearly 1 percent from a year ago.
*OPEC member. Data for Kuwait and Saudi Arabia exclude one-half of the reserves in the Kuwait-Saudi Arabia Neutral Zone. Neutral Zone contains 1,000 bcf, i.e. 1 tcf, of gas reserves.
~Including Abu Dhabi – 200,000 bcf, Dubai – 3,785 bcf, Ras al-Khaimah – 1,140 bcf and Sharjah – 10,110 bcf.
**Including also Angola (12,925 bcf for 2013), Ecuador (247 bcf for 2013) and the Neutral Zone (1,000 bcf for 2013) .

^Dry natural gas proved reserves in the United States were estimated at 272.5 tcf for 2009, according to the U.S. Energy Information Administration (EIA). Dry natural gas is that volume of gas that remains after all of the liquefiable hydrocarbons and nonhydrocarbon impurities are removed from the natural gas stream; first at lease separation facilities near the producing well (lease condensate), then downstream at a natural gas processing plant (natural gas plant liquids). But, proved reserves of U.S. dry natural gas also increased by 12 percent from 2009 to 2010, to 304.6 tcf---please see EIA, "U.S. Crude Oil, Natural Gas, and NG Liquids Proved Reserves," Aug 1, 2012 and the pdf file -- D.R.  Natural gas proved reserves, estimated as "wet" natural gas, including natural gas plant liquids, increased by 12 percent in 2010 to 317.6 tcf, the twelfth consecutive annual increase and the first year U.S. volumes surpassed 300 tcf. Four of the five largest natural gas states (Texas, Louisiana, Oklahoma, and Colorado) registered net gains, with Louisiana and Texas adding a combined 17.8 tcf, over one-half of the overall national increase. Pennsylvania's proved natural gas reserves more than doubled in 2010, contributing about one-fifth of the overall U.S. increase. Expanding shale gas developments in these and other areas, perhaps most notably in Pennsylvania's portion of the Appalachian Basin in the Marcellus play, drove overall increases in 2009 and 2010---please see ibid. The U.S. technically recoverable natural gas is estimated to exceed 2,200 tcf. Given domestic consumption of c. 24  tcf, the U.S. has sufficient resources available to satisfy domestic needs for more than 90 years---please see Bill Richardson and Spencer Abraham, "Shale gas exports will aid US and its allies," FT, Dec 20, 2012. -- D.R.
#Revised figure
 
Source: "Worldwide Look at Reserves and Production [Table]," Oil & Gas Journal, Dec, 2012.