BAKU, Azerbaijan, June 17
By Leman Zeynalova – Trend:
Natural gas production in Azerbaijan rose from 19 billion cubic metres in 2018 to 24.3 billion cubic metres in 2019, which is a 27.7 percent increase year-on-year, Trend reports with reference to BP’s Statistical Review of World Energy.
The country’s natural gas output stood at 15.9 billion cubic metres in 2009, 16.3 billion cubic metres in 2010, 16 billion cubic metres in 2011, 16.8 billion cubic metres in 2012, 17.4 billion cubic metres in 2013, 18.4 billion cubic metres in 2014, 18.8 billion cubic metres in 2015, 18.3 billion cubic metres in 2016 and 17.8 billion cubic metres in 2017.
Natural gas consumption in Azerbaijan rose by 9 percent in 2019 as compared to 2018, increasing from 10.8 billion cubic metres to 11.8 billion cubic metres.
The country’s natural gas consumption stood at 8.6 billion cubic metres in 2009, 8.1 billion cubic metres in 2010, 8.9 billion cubic metres in 2011, 9.4 billion cubic metres in 2012, 9.4 billion cubic metres in 2013, 9.9 billion cubic metres in 2014, 11.1 billion cubic metres in 2015, 10.9 billion cubic metres in 2016 and 10.6 billion cubic metres in 2017.
Natural gas consumption increased by 78 billion cubic metres (bcm), or 2 percent, well below the strong growth seen in 2018 (5.3 percent).
Growth was driven by the US (27 bcm) and China (24 bcm), while Russia and Japan saw the largest declines (10 and 8 bcm respectively). Gas production grew by 132 bcm (3.4 percent), with the US accounting for almost two-thirds of this increase (85 bcm). Australia (23 bcm) and China (16 bcm) were also key contributors to growth.
Azerbaijan’s proved gas reserves equaled to 2.8 trillion cubic meters at the end of 2019, as compared to 2.1 trillion cubic meters at the end of 2018. The country accounts for 1.4 percent of the world’s proved gas reserves.
World proved gas reserves increased by 1.7 Tcm to 198.8 Tcm in 2019. China (2 Tcm) and Azerbaijan (0.7 Tcm) provided the largest increments, although this was
partially offset by a 1.3 Tcm decline in Indonesian reserves. Russia (38 Tcm), Iran (32 Tcm) and Qatar (24.7 Tcm) are the countries with the largest reserves. The current
global R/P ratio shows that gas reserves in 2019 accounted for 49.8 years of current production. The Middle East (108.7 years) and CIS (75.8 years) are the regions with the highest R/P ratio.
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