BAKU, Azerbaijan, June 18
By Leman Zeynalova – Trend:
Total proved gas reserves of the world stood at 198.8 trillion cubic metres in 2019, as compared to 197.1 trillion cubic metres in 2018, Trend reports with reference to BP’s Statistical Review of World Energy.
This is while at the end of 1999 and at the end of 2009, this figure was estimated at 132.8 trillion cubic metres and 170.5 trillion cubic metres, respectively.
Natural gas consumption increased by 78 billion cubic metres (bcm), or 2 percent, well below the exceptional growth seen in 2018 (5.3 percent). Nevertheless, the share of gas in primary energy rose to a record high of 24.2 percent.
Increases in gas demand were 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.
Inter-regional gas trade expanded at a rate of 4.9%, more than double its 10-year average, driven by a record increase in liquefied natural gas (LNG) of 54 bcm (12.7 percent).
LNG supply growth was led by the US (19 bcm) and Russia (14 bcm), with most incremental supplies heading to Europe: European LNG imports (+49 bcm) rose by more than two-thirds.
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