Global gas reserves inch up 0.5% to 6,348 Tcf in 2005: BP

London (Platts)--14Jun2006

Global proved gas reserves grew marginally to 179.83 trillion cubic
meters (6,348 Tcf) in 2005, up from 179 trillion cubic meters at the end of
2004, BP said Wednesday in its 2006 review of energy statistics.
A marginal decline in South and Central American gas reserves was offset
by slight rises in Europe and Eurasia, the Middle East, Africa and
Asia-Pacific, BP said.
The rise in proved reserves came as world gas production rose 2.5% to
2.76 trillion cubic meters. Output from Russia, the biggest producer, rose
1.5% to 598 Bcm, BP said.
Other notable increases in output came from Egypt (up 29.4% to 34.7 Bcm),
China (up 22.2% to 50 Bcm), Qatar (up 11.4% to 43.5 Bcm) and Malaysia (up
11.6% to 59.9 Bcm).
Offsetting these increases were declines from a number of countries,
including the US (down 2.3% to 525.7 Bcm), the UK (down 8.1% to 88 Bcm), and
the Netherlands (down 8.4% to 62.9 Bcm).
On the consumption side, total world demand for gas rose by 2.3% to 2.75
trillion cubic meters. Consumption in the US, the world's biggest gas market,
fell 1.5% to 633.5 Bcm. Russia, the world's other giant user of gas, saw
consumption rise by 1.1% to 405.1 Bcm.
Sharp increases in gas demand were seen in Kazakhstan (up 15.8% to 17.8
Bcm), Spain (up 18.2% to 32.3 Bcm), Turkey (up 24.1% to 27.4 Bcm), China (up
20.8% to 47 Bcm), India (up 12.2% to 36.6 Bcm) and Pakistan (up 11.5% to 29.9
Bcm).

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