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Eni revises up Azerbaijan’s gas reserve estimates

Oil&Gas Materials 2 December 2020 11:50 (UTC +04:00)
Eni revises up Azerbaijan’s gas reserve estimates

BAKU, Azerbaijan, Dec.2

By Leman Zeynalova – Trend:

Italian Eni company has revised up its estimates for Azerbaijan’s gas reserves from 1.435 trillion cubic meters in 2018 to 1.917 trillion cubic meters in 2019, Trend reports citing Eni’s World Gas and Renewables Review 2020.

Azerbaijan’s gas reserves stood at 499 billion cubic meters in 2000 and 2005 each, then rising to 515 billion cubic meters in 2010 and 665 billion cubic meters in 2015 and 2016.

The country’s gas reserves rose to 1.074 trillion cubic meters in 2017, 1.435 trillion cubic meters in 2018.

World’s gas reserves stood at 211.428 trillion cubic meters as of 2019, as compared to 211.044 trillion cubic meters in 2018.

Eni estimates that world gas reserves stood at 156.920 trillion cubic meters in 2000, rising to 172.465 trillion cubic meters in 2005 and 194.336 trillion cubic meters in 2010.

The upward trend continued in 2015 with 206.576 trillion cubic meters and in 2016 with 208.038 trillion cubic meters.

In 2017, this figure stood at 211.216 trillion cubic meters before dropping to 211.044 trillion cubic meters in 2018.

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Follow the author on Twitter: @Lyaman_Zeyn

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