The journal is one of the most respected and authoritative publications in the field of energy economics, used as a reference by the media, academia, world governments and energy companies. Natural gas prices also rose globally, with nominal average prices in the US and UK exceeding US$6 per million Btu for the first time. The Asia-Pacific region saw the strongest rebound at 5.8%, while North America again showed the weakest at 0.3%.
US production fell by 400 trillion per day, with much of the decline due to hurricane-related losses. Consumption growth in the US was also above average, while growth in the rest of the world was close to the ten-year average. Notes: Proven Oil Reserves – Generally considered are those quantities for which geological and technical information indicates with reasonable certainty that they can be extracted in the future from known reservoirs under existing economic and operating conditions.
Data Source – The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Gas Journal and an independent estimate of Russian reserves based on information in the public domain. Differences between these world consumption figures and the world production statistics on page 8 are due to inventory changes, consumption of non-petroleum additives and substitute fuels, and unavoidable differences in the definition, measurement or conversion of oil supply and demand data. Differences between these world consumption figures and the world production statistics on page 9 are due to inventory changes, consumption of non-petroleum additives and substitute fuels, and unavoidable differences in the definition, measurement or conversion of oil supply and demand data.
Notes: Proved reserves of natural gas - generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.
Natural gas
Reserves to Production Ratio (R/P): If the reserves remaining at the end of a year are divided by the production in that year, the result is the length of time those remaining reserves would last if production were at the same level Get on. that level. Data source – The estimates in this table were compiled using a combination of primary official sources and third-party data from Cedigaz and the OPEC Secretariat. The reserves figures shown do not necessarily comply with the definitions, guidelines and practices used for determining proven reserves at the corporate level, for example published by the US Securities and Exchange Commission or recommended for purposes of the UK SORP, nor do they necessarily represent BP's vision of proven reserves per country.
Notes: As far as possible, the above data represent standard cubic meters (measured at 15°C and 1013mbar); because it is derived directly from oil equivalent tonnes using an average conversion factor, it does not necessarily equate to gas volumes expressed in nationally specific terms. Annual changes and parts of the total are calculated using figures of millions of tonnes per year rather than billions of cubic metres. Natural gas production data expressed in billion cubic meters per day are available at www.bp.com/statisticalreview.
Notes: Annual changes and shares of total are calculated using million tonnes per year figures rather than billion cubic metres. The difference between these world consumption figures and the world production statistics on page 24 is due to variations in inventories at storage facilities and liquefaction plants, together with unavoidable differences in the definition, measurement or conversion of gas supply and demand data. As far as possible, the data above represents standard cubic meters (measured at 15ºC and 1013mbar); because it is derived directly from tonnes of oil equivalent using an average conversion factor, it is not necessarily equal to gas volumes expressed in specific national terms.
Data on natural gas consumption expressed in billion cubic feet per day is available at www.bp.com/statisticalreview. The difference between these world consumption figures and the world production statistics on page 25 is due to variations in stocks at storage facilities and liquefaction plants, along with inevitable differences in the definition, measurement or conversion of gas supply and demand data. Global consumption growth was close to the 10-year average, with the strongest growth in Asia.
Mex- Argen- Bel- Den- Ger- Nether- Norwegian- Russian Turkme- Europe & India- Mal- Myan- Total. To USA and Tobago Oman Qatar UAE Algeria Egypt Libya Nigeria Australia Brunei Indonesia Malaysia import. US dollars per million Btu cif Union cif Heren NBP index† Henry Hub‡ Alberta‡ countries cif.
Explanation: Proven coal resources – Generally considered are those quantities for which geological and technical information indicates with reasonable certainty that they can be recovered in the future from known deposits under existing economic and operating conditions. R/P ratio (reserves to production ratio): If the reserves remaining at the end of the year are divided by the production in that year, the result is the length of time that these remaining reserves would last if production continued at the same level. that level.
Coal
Coal was again the world's fastest growing fuel and global consumption growth was twice the 10-year average. Growth was concentrated in China, the largest coal consumer, which accounted for 80% of global growth.
Nuclear energy
Hydroelectricity
Increasing capacity and recovery from drought in many parts of the world more than offset continued drought in southern Europe. Fuels such as wood, peat and animal waste are therefore excluded, which, although important in many countries, are unreliable documented in terms of consumption statistics.
Primary energy
Consumption by fuel* Natural 2004 Nuclear Hydro- Natural 2005 Nuclear Hydro- Million tons of oil equivalent Oil Gas Power Coal Electricity Total Oil Gas Power Coal Electricity Total. Over the last decade, natural gas and coal have increased their share in the total value at the expense of oil, nuclear power and hydropower. North America is dominated by oil, which has increased its share since 1995; it lost share in Europe, South and Central America, and the Middle East.
The world R/P ratio for coal in 2005 was almost four times higher than that for oil and 2.5 times higher than that for gas. Regionally, coal was even more dominant in the OECD and the former Soviet Union, while gas supplies were more abundant compared to production elsewhere.
Appendices
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