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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