Wednesday 30 July 2014

Mideast holds 43.2% of world’s natgas | Economy | Saudi Gazette

Mideast holds 43.2% of world’s natgas | Economy | Saudi Gazette:



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The Middle East, with 80.3 trillion cu/m, is home to 43.2 percent of the total natural gas deposit in the world, according to a new report.



A BP Statistical Review of World Energy June 2014 report said Qatar currently contains the highest deposit of natural gas with 24.7 trillion cu/m with Saudi Arabia next in line containing 8.2 trillion cu/m in the region.



Bob Dudley, group chief executive of BP, said “the data in this review shows a flexible global energy system adapting to a changing world. It demonstrates how the world’s quest for secure and fairly-priced energy can be met through competitive industries driving innovation and smart government policies that amplify the creative energy.”"



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