Saudi gas reserves rise to 332.8 trillion cubic feet, record .. the sixth in the world

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Saudi proven natural gas reserves increased by the end of last year 2019 by 4 percent (12.5 trillion standard cubic feet), to 332.8 trillion standard cubic feet, compared to 320.3 trillion standard cubic feet by the end of 2018.
According to the monitoring unit of the reports in the Al-Iqtisadiah newspaper, based on OPEC data, Saudi Arabia ranks sixth globally at the end of last year, accounting for 4.6 percent of the world’s natural gas reserves, which amount to 7282.1 trillion standard cubic feet.
And Saudi Arabia managed to multiply its gas reserves 7.2 times in 59 years (since 1960 until the end of 2019), as it was 46 trillion cubic feet standard in 1960, which means increasing it by 623% during that period, with an average increase of 10.6% annually .
Saudi Arabia ranked sixth behind Russia, Iran, Qatar, the United States of America, and Turkmenistan with reserves of 1775.6 trillion standard cubic feet (24.4 per cent of the world) for Russia, 1200.3 trillion cubic feet standard (16.5 per cent) for Iran, and 841.6 trillion standard cubic feet ( 11.6 per cent) for Qatar, 503.4 trillion standard cubic feet (6.9 per cent) for the United States of America, and 430 trillion standard cubic feet (5.9 per cent) for Turkmenistan.
In the seventh place, the UAE came with a reserve of 215.1 trillion cubic feet standard (3 per cent of the world), eighth, Nigeria with a reserve of 203.4 trillion cubic feet standard (2.8 per cent of the world), ninth, with a reserve of 200.4 trillion standard cubic feet (2.8 per cent) And they lived Algeria with 159.1 trillion standard cubic feet (2.2 percent).
On the development of reserves during the decades of the analysis period, Saudi gas reserves increased to 56.4 trillion standard cubic feet, up by 23 per cent (10.4 trillion standard cubic feet) in 1970, compared to 1960 (i.e. within ten years).
While it increased by 99 percent (56.1 trillion standard cubic feet) in 1980, to 112.4 trillion standard cubic feet, then by 64 percent (72 trillion cubic feet standard), to 184.4 trillion standard cubic feet in 1990.
In 2000, Saudi Arabia’s proven gas reserves reached 222.5 trillion standard cubic feet, up 21 percent (38.1 trillion standard cubic feet) from 1990 levels.
Reserves in 2010 rose to 283.1 trillion standard cubic feet, up 27 percent (60.6 trillion standard cubic feet) from 2000 levels.

Economic Reports Unit





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