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Russia has the smallest natural gas reserves in the world.
False
The second largest gas field in the world is located in Urengoy, Russia.
True
Natural gas consumption rose by 5% globally in 2019.
False
The US is projected to deplete its natural gas sources in the next 90 years.
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By 2035, natural gas demand is expected to remain the same as today.
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Urengoy gas field has only one reservoir.
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Natural gas consumption in the US and China is among the highest in the world.
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Natural gas sources are primarily found in deep reservoirs over 5,000 feet.
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Iran and Qatar have the largest natural gas reserves in the world.
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The Middle East region's major gas potential is associated with the Arabian-Iranian basin.
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The North Field and South Pars contain more than 28 tcm of natural gas reserves.
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Urengoy began production in 1978 and is the largest gas field in the world.
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The Urengoy gas field is located in the Middle East.
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Yamburg gas field's original reserves were estimated at 4.7 tcm of gas.
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The Khuff formation is an important gas-bearing horizon in the Middle East.
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The Hugoton gas field has an estimated ultimate recovery of 2.5 tcm.
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Natural gas consumption showed a significant increase in 2019.
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Reserves of natural gas are predicted to last forever.
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The Marcellus Shale is located in the states of Pennsylvania, Ohio, and West Virginia.
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Demand for natural gas is expected to decrease significantly in the coming years.
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Canada has a smaller estimated amount of proven natural gas reserves than the United States.
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Elmworth was discovered in Alberta in 1976 and is one of the largest gas fields in Canada.
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The gas from Hugoton is primarily produced from a series of Granitic formations.
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Urengoy's output has remained constant over the years since its initial production.
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Study Notes
Natural Gas Reserves
- The top ten countries with the highest natural gas reserves account for almost two-thirds of the world's total proven natural gas reserves.
- Global natural gas consumption increased by 78 billion cubic meters in 2019, significantly lower than the growth rate in 2018.
- US and China were the largest consumers of natural gas in 2019.
- At the current consumption rate, natural gas sources in the US are projected to be depleted in the next 90 years.
- By 2035, the demand for natural gas is expected to nearly double, putting pressure on countries with significant reserves to meet global demand.
Russia
- Russia has the largest natural gas reserves globally, estimated at 47 tcm (1,680 tcf).
- Russia is among the world's largest producers of natural gas, often switching positions with the United States.
- Some of the world's largest gas fields are located in West Siberia, Russia, east of the Gulf of Ob on the Arctic Circle.
- Urengoy, the world's second largest gas field, was discovered in West Siberia in 1966 and is estimated to have initial reserves of 8.1 tcm (286 tcf).
- Urengoy has 15 separate reservoirs, with the deepest being a gas condensate zone in Upper Jurassic strata.
- Urengoy began production in 1978 and remains the world's highest-producing gas field despite declining output.
- Yamburg, Russia's second largest gas field, was discovered north of the Arctic Circle and north of Urengoy, with estimated initial reserves of 4.7 tcm (166 tcf).
- Orenburg, discovered in the Volga-Urals region in 1967, is the largest Russian gas field outside West Siberia, with initial reserves of 1.8 tcm (64 tcf).
North America
- The United States has proven natural gas reserves of 9.7 tcm (341 tcf).
- The Marcellus Shale, the largest gas field in the United States, could contain up to 14 tcm (500 tcf) of reserves.
- The Marcellus Shale spans Pennsylvania, Ohio, West Virginia, New York, and parts of neighboring states.
- The Hugoton gas field was discovered in 1927 in Kansas and extends into Oklahoma and Texas.
- Hugoton has an estimated ultimate recovery of 1.5 tcm (53 tcf), of which 65% has been produced.
- Canada has an estimated 2.1 tcm (73 tcf) of proven natural gas reserves.
- Elmworth, one of Canada's largest gas fields, was discovered in Alberta in 1976 and contained approximately 560 bcm (20 tcf) of gas in a Cretaceous sandstone reservoir.
Middle East
- The Middle East holds enormous natural gas potential associated with major oil fields in the Arabian-Iranian basin.
- The Permian Khuff formation underlies most of the Middle East and is a significant gas-bearing horizon.
- The North Field of offshore Qatar and South Pars of offshore Iran, the world's largest nonassociated natural gas field, is estimated to contain over 28 tcm (1,000 tcf) of reserves.
- Based on their reserves, Iran and Qatar hold the second and third largest natural gas reserves globally, respectively.
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Description
Explore the global landscape of natural gas reserves, highlighting the top countries and key consumption trends. Discover the implications of rising demand and the future of natural gas, with a special focus on Russia's leading position in reserves and production.
