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Friday, May 3, 2019

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.

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