Saudi natural gas reserves rose 8% in 2016

24/11/2017 Argaam Special

 

Saudi Arabia’s natural gas reserves grew 8 percent to 304.3 trillion cubic feet in 2016, from 283 trillion cubic feet in 2010, data from the General Authority for Statistics showed.

 

Natural gas production across the Kingdom rose 30 percent from 97 billion cubic meters (CBM) in 2010 to 126 billion CBM last year.

 

The natural gas extraction rate climbed to 1.46 percent in 2016, compared to 1.21 percent in 2010.

 

Meanwhile, the country’s consecutive years of natural gas production dropped to 68 in 2016, from 83 in 2010.

 

The consecutive years’ measure is a key energy security indicator, measuring the number of years that available natural gas reserves would suffice.

 

Consecutive Years of Natural Gas Production

Index

Unit

Years

2010

2011

2012

2013

2014

2015

2016

Natural gas energy reserves

Bln cubic feet

283,057

287,822

290,772

293,685

299,742

303,251

304,349

Natural gas production

Bln cubic meters

97

102

111

114

117

120

126

Consecutive years of natural gas production

Years

83

80

74

73

73

72

68

Natural gas extraction ratio

%

1.21 %

1.26 %

1.35 5%

1.37 %

1.38 %

1.40 %

1.46 %

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