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GECF countries see increase in proven natural gas reserves

Oil&Gas Materials 23 November 2021 15:57 (UTC +04:00)

BAKU, Azerbaijan, Nov.23

By Leman Zeynalova – Trend:

Total proven gas reserves of members of the Gas Exporting Countries Forum (GECF) stood at 142.823 trillion cubic meters in 2020, which is 1.64 percent more than 140.519 trillion cubic meters in 2019, Trend reports with reference to GECF.

The dynamics of GECF proven gas reserves in the previous years is as follows: 131.513 trillion cubic meters in 2011, 134.255 trillion cubic meters in 2012, 140.556 trillion cubic meters in 2013, 141.378 trillion cubic meters in 2014, 141.590 trillion cubic meters in 2015, 142.778 trillion cubic meters in 2016, 141.793 trillion cubic meters in 2017 and 140.905 trillion cubic meters in 2018.

Natural gas gross production by GECF stood at 2.043 trillion cubic meters in 2020, increasing by 2.71 percent as compared to 1.989 trillion cubic meters in 2019. Natural gas marketed production grew from 1.590 trillion cubic meters to 1.643 trillion cubic meters, showing a 3.33 percent increase year-on-year.

Natural gas domestic consumption dropped from 1.066 trillion cubic meters in 2019 to 1.015 trillion cubic meters in 2020.

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