• 3 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 minutes Could Tesla Buy GM?
  • 11 minutes Global Economy-Bad Days Are coming
  • 17 minutes Venezuela continues to sink in misery
  • 9 hours OPEC Cuts Deep to Save Cartel
  • 39 mins What will the future hold for nations dependent on high oil prices.
  • 4 hours Price Decline in Chinese Solar Panels
  • 16 hours Congrats: 4 journalists and a newspaper are Time’s Person of the Year
  • 16 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 12 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 1 day Permian Suicide
  • 1 day GOODBYE FOREIGN OIL DEPENDENCE!!
  • 1 day Asian stocks down
  • 1 day Maersk's COO statment.
  • 1 day Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 1 day IT IS FINISHED. OPEC Victorious
OPEC+ Deal To Be Forged In March

OPEC+ Deal To Be Forged In March

OPEC and its Non-OPEC partners…

U.S. Shale Struggles As Oil Prices Drop

U.S. Shale Struggles As Oil Prices Drop

U.S. shale production has beaten…

Turkmenistan's Natural Gas Field is the World's Second Largest

British auditors Gaffney, Cline and Associates have reported that Turkmenistan's South Iolotan natural gas field is the world's second largest, estimated to hold up to 21.2 trillion cubic meters of natural gas.
 
In 2008 Gaffney, Cline and Associates made a previous estimate placing South Iolotan’s natural gas reserves at between 4 trillion and 14 trillion cubic meters, which was widely derided at the time but in hindsight seems to have been on the conservative side.
 
Gaffney, Cline and Associates business development manager Jim Gillett remarked, "Turkmenistan's gas reserves are more than enough for any potential demand over the foreseeable future, whether it be from China, Russia, Iran or Europe. The current estimated reserves for both South Iolotan and Yashlar may well increase still further as additional data is acquired." Gaffney, Cline and Associates estimate that Yashlar, a separate natural gas field, could contain between 1.45 and 5 trillion cubic meters.

The new audited reserves put South Iolotan in second place in the world after the Persian Gulf’s South / North Pars natural gas field and is larger than Russian state owned Gazprom’s Urengoy natural gas field, containing an estimated 7 trillion cubic meters of reserves, Moscow’s Kommersant business newspaper reported.
 
By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->