(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – Venezuela, the country with the world’s largest crude oil reserves, also continues to hold the world’s eighth largest accumulation of natural gas reserves (see table below), according to BP’s Statistical Review of World Energy.
Top Ten Holders of Natural Gas Reserves Worldwide
Rank —- Country ———————- Natural Gas Reserves (Tcf)
1 ——— Iran ————————– 1,201.4
2 ——— Russia ———————– 1,139.6
3 ——— Qatar ———————— 866.2
4 ——— Turkmenistan ————– 617.3
5 ——— USA ————————- 368.7
6 ——— Saudi Arabia ————— 294.0
7 ——— United Arab Emirates —- 215.1
8 ——— Venezuela * ————— 198.4
9 ——— Nigeria ——————— 180.5
10 ——- Algeria ———————- 159.1
Source: BP
Note: PDVSA reported that Venezuela’s natural gas reserves were 201.349 trillion cubic feet (Tcf) at year-end 2015, the last time the company reported annual auditing operational data. Of this total, 64.916 Tcf corresponded to associated gas in the Hugo Chávez Heavy Oil Belt, and 36.452 Tcf corresponded to associated gas related to extra heavy oil in Venezuela’s Eastern Basin, according to PDVSA data.
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