43% of the world’s natural gas reserves are in the Middle East region, a June 2014 report by energy company BP found.
The BP Statistical Review of World Energy June 2014 found that 80.3 trillion cu/m of natural gas sits under countries in the Middle East.
The annual report by BP published every June noted that world events continue to change global energy dynamics, but the system remains “flexible.” According to BP CEO Bob Dudley, “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.’”
Another recently released report by Business Monitor International on the Saudi Arabian oil and gas market found that crude oil production in the Kingdom “will remain elevated by historical standards in 2014 and 2014.”
