It is now being reported that Russia has made an important Arctic discovery.
See this post from August 5, 2018: US remains the "natural gas king."
October 8, 2019: new USGS assessment sets new records.
Highlights from that post:
Reserves:
I've long lost the bubble on global natural gas reserves (and I'm sure the reserves are currently way under-estimated) but back in 2016, this post:
- Middle East: 2.8 quadrillion cubic feet = 2,080 trillion cubic feet (quadrillion is 10^15; trillion is 10^12)
- US: 309 trillion cubic feet (but see below)
Disclaimer: I often make simple arithmetic errors. Numbers rounded. Natural gas reserves according to BP/wiki, 2013 - 2014 (US estimate as of December 2013). Top five countries:
Russia: 6,000 trillion cubic feet add another 11 TCF from the Arctic discovery announcement, 2018 Iran: 1,000 trillion cubic feet Qatar: 900 trillion cubic feet Turkmenistan: 600 trillion cubic feet US: 350 trillion cubic feet see first comment: add another 11 TCF from Pennsylvania alone in 2019 #11: Australia: 152 trillion cubic feet (as of January, 2014). (See this post.) Pakistan: 10,000 trillion cubic feet (highly unlikely, something tells me we are mixing apples and oranges, reserves vs technically recoverable Now, today, this from the Rigzone staff: Russia makes 11 TCF natural gas discovery. Link here.
PJSC Novatek has announced the discovery of a new gas field in the Ob Bay area, which is estimated to hold natural gas reserves of more than 11 trillion cubic feet. The discovery was made via an exploration well in the North-Obsk license area.“The discovery of a new field is an important starting point for the start of one of our future Arctic LNG projects,” Leonid Mikhelson, chairman of the board of Novatek, said in a company statement posted on Novatek’s website, which was translated into English.Now, let's go back and re-run the numbers that were posted earlier:
- that recent huge Mediterranean natural gas find: 30 trillion cubic feet
- Barnett, revised USGS figures: 53 trillion cubic feet
- Utica, newly revised figures: 782 trillion cubic feet; USGS official figure: 117 TCF, September, 2019
- Marcellus, EIA revised estimates: 65 trillion cubic feet, "proved" reserves; revised to 84 - 97 in 2019;
- Bakken/Three Forks, USGS estimate: 7 trillion cubic feet (2013 estimate)
- Qatar: 800 trillion cubic feet, wiki, conversion
- Mozambique, from the story above (see link above): 85 trillion cubic feet
Comparison purposes ... 2017 and 2018 gas production from Pennsylvania ALONE will be 11 Trillion Cubic Feet.
ReplyDeleteReminds me of "dueling banjos."
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