- the Australian basin could hold 500 trillion cubic feet of natural gas (14 trillion cubic meters?)
- = 3x the world's annual consumption of natural gas
- local government ended the ban on fracking
- shale rock
- basin has been compared to US shale regions such as the Marcellus and Barnett
- very, very remote
Marcellus, Utica, Qatar in the 500 - 1,000 trillion cubic feet neighborhood, so this single basin in Australia could be in that same range.
From the 2018 annual review by BP: (numbers rounded)
- proved natural gas reserves, global: 200 trillion cubic meters (tcm)
- sufficient to meet 50 years of global production at 2017 levels
- Israel: largest single contributor
- by region, the Middle East holds the largest proved reserves (80 tcm; 41%of the global total)
- #2: CIS (60 tcm, 31% share)
- Trillion cubic meters at end of 2016:
- North America:
- US: 8.7
- Canada: 2.0
- Mexico: 0.2 (was 1.8 in 1997)
- Mideast
- Iran: 33.2
- Qatar: 24.9 (was 8.8 in 1997)
- others each below 10, most below 5
- CIS
- Russian Federal: 34.8
- Turkemnistan: 19.5
- the rest, inconsequential
Disclaimer: these numbers are often in dispute. If this information is important to you, go to he source.
Disclaimer: I often make typographical and factual errors.
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