Beetaloo Basin, Australia -- May 3, 2019

From Bloomberg, data points:

• 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

See this post: natural gas -- US remains the natural gas king; includes listing of global natural gas basins.

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

Note: one cubic meter equals 35.3 cubic feet.

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.