12:02AM
Chart of the Day: Different listing of shale gas reserves globally
Saturday, April 28, 2012 at 12:02AM Previous one I had found (and used in brief) said:
- China 36.1 trillion cubic meters
- US 24.4
- Argentina 21.9
- Mexico 19.3
- South Africa (didn't write down because not in Pac)
- Australia 11.2
- Canada 11.0
Here's an old post that has similar 1-5 ranking expressed in tcf (like below), and the weird thing is, it agrees exactly with the FT numbers for China, Argentina, Mexico and South Africa but puts the US at 862.
This one, in bit FT full-pager says:
- China 1,275 tcf
- Argentina 774
- Mexico 681
- South Africa 485
- US 482
- Australia 396
- Canada 388
Big difference is US ranking/estimate.
Second one says EIA, as in U.S. Energy Information Agency, so I guess you gotta go with that one.
Or is this just weird mistake by FT?
No mistake. After some quick Googling it turns out the EIA said 862tcf a year ago and says 482tcf now, reducing its estimate of recoverable shale gas by 42%!
Betcha some industry experts refute that!
Will have to see where that number goes over time.
tagged Asia, China, LATAM, US, energy, extractive industries | in Chart of the day | Email Article | Permalink | Print Article
Asia, China, LATAM, US, energy, extractive industries | in Chart of the day | Email Article | Permalink | Print Article 
Reader Comments (1)
The numbers used in your brief are in trillion cubic meters and Financial Times numbers are in trillion cubic feet. The FT number conversion is correct except for the US which would convert 24.4 tcm to 836 tcf, closer to 862 tcf.
As you stated, the 24.4 tcm shale gas reserve number seems to be revised. I'm sure China and India would still enjoy the shale gas reserves along with Natural gas and grains/meat!
Derek Bergquist