• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 17 hours How Far Have We Really Gotten With Alternative Energy
  • 21 hours Bad news for e-cars keeps coming
  • 12 days What fool thought this was a good idea...
  • 22 hours The U.S. Is Determined to Revolutionize Its Microchip Industry
  • 10 days A question...
  • 15 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 16 days They pay YOU to TAKE Natural Gas
Oil, Gas Drilling Activity Slips in the U.S.

Oil, Gas Drilling Activity Slips in the U.S.

The total number of active…

High Demand Sends LNG Prices Climbing Around the World

High Demand Sends LNG Prices Climbing Around the World

European LNG prices have climbed…

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

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News