(Part 2 of 2)
Here I will discuss the proven natural gas reserves in trillion cubic feet (TCF) as of end-2020, and the reserves/production (R/P) ratio in years. The R/P ratio means the number of years that the reserves will be depleted if current production (for domestic use and exports) will continue unchanged.
Proven natural gas reserves and R/P ratio
In Middle-East Asia, the proven gas reserves in 2020 and R/P ratio respectively are as follows: Iran 1,134 TCF and 128 years, Qatar 871 TCF and 144 years, Saudi Arabia 213 TCF and 54 years, United Arab Emirates (UAE) 210 TCF and 107 years, Iraq 125 TCF and 336 years, Kuwait 60 TCF and 113 years, and Syria 10 TCF and 90 years.
In East and South Asia, gas reserves and R/P ratio respectively are as follows: China 297 TCF and 43 years, India 47 TCF and 56 years, Indonesia 44 TCF and 20 years, Malaysia 32 TCF and 12 years, Vietnam 23 TCF and 74 years, Myanmar 15 TCF and 24 years, Brunei eight TCF and 18 years.
In Central Asia, Turkmenistan has 480 TCF and 231 years, Azerbaijan 88 TCF and 97 years, Kazakhstan 80 TCF and 71 years.
Now consider the reserves and R/P ratio respectively of the following: US 446 TCF and 14 years only, Russia 1,320 TCF and 59 years, Venezuela 221 TCF and 334 years, Libya 50 TCF and 107 years. Again Iraq 336 years, Syria 90 years.
(Energy Institute, Statistical Review of World Energy 2024 database)
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