Mastering the Commodities Markets

Natural Gas Reserves

There are over 930 major gas fields on Earth. Almost all of them fall within 27 regions, comprising approximately 30 per cent of the land surface, (source: Paul Mann, MK Horn and Ian Cross of the University of Texas, Jackson School of Geosciences). Figure 4.2 shows the world gas reserves by country. However, in the last few months enormous gas reserves have been found in deep water, offshore from Mozambique, Africa, which have been likened in size to those of Qatar. This will surely reshape the supply map.

Figure 4.2 World natural gas reserves by country

Source: BP Statistical Review

Latest figures show that the Middle East ...