Friday, March 25, 2011

World's Top 22 Natural Gas Proven Reserve Holders, Jan 1, 2011 -- OGJ

by Aaron and David Rachovich

Estimated Proved Reserves of Natural Gas

Rank
Country
Proved reserves
(billion cubic feet), Jan 1, 2011
Proved reserves (billion cubic feet), Jan 1, 2010
Share of  total, Jan 1, 2011
1.
Russia
1,680,000
1,680,000
25.3%
2.
Iran*
1,045,670
1,045,670
15.7%
3.
Qatar*
895,800
899,325
13.5%
4.
Saudi Arabia*
275,200
263,000
4.1%
5.
Turkmenistan
265,000
265,000
4.0%
6.
United States
244,656
244,656
3.7%
7.
United Arab Emirates*
227,900
214,400
3.4%
8.
Nigeria*
186,880
185,280
2.8%
9.
Venezuela*
178,860
175,970
2.7%
10.
Algeria*
159,000
159,000
2.4%
11.
Iraq*
111,940
111,940
1.7%
12.
Australia
110,000
110,000
1.7%
13.
China
107,000
107,000
1.6%
14.
Indonesia
106,000
106,000
1.6%
15.
Kazakhstan
85,000
85,000
1.3%
16.
Malaysia
83,000
83,000
1.2%
17.
Egypt
77,200
58,500
1.2%
18.
Norway
72,000
81,680
1.1%
19.
Uzbekistan
65,000
65,000
1.0%
20.
Kuwait*
63,000
63,000
0.9%
 21. 
Canada
  61,950  
61,950
0.9%
22.
Libya*
54,680
54,362
0.8%
Top 22 countries
6,155,736
6,119,733
92.6%
Rest of world
491,605
489,613
7.4%
World total
6,647,341
6,609,346
100.0%
Total OPEC**
3,211,152
3,182,829
48.3%

* 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 also Angola, Ecuador and the Neutral Zone.
Source: "Special Report – Worldwide Look at Reserves and Production," Oil & Gas Journal, Dec 6, 2010.

(For the world's technically recoverable gas resources figure/estimate, including shale gas resources, please see my post "World Shale Gas Resources Outside US Assessed," here. Also, please see Aaron and David Rachovich, "World's Top 21 Natural Gas Producers, 2005-2010 -- BP," here and our post "World's Top 22 Proven Oil Reserves Holders, Jan 1, 2011 -- OGJ," here. Furthermore, please see "World's Top 23 Proven Oil Reserves Holders, Jan 1, 2012 -- OGJ" and "World's Top 15 Natural Gas Proven Reserve Holders, Jan 1, 2012 -- OGJ." -- D.R.)

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