Natural gas reserves as a share of worldwide reserves reached 1.06 % in 2017 in Australia, according to EIA. This is 141 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in Australia reached an all time high of 1.66 % in 2010 and an all time low of % in. When compared to Australia's main peers, natural gas reserves as a share of worldwide reserves in Indonesia amounted to 1.48 %, 0.632 % in Malaysia, 0.019 % in New Zealand and 0.076 % in Papua New Guinea in 2017.
Australia has been ranked 18th within the group of 99 countries we follow in terms of natural gas reserves as a share of worldwide reserves, 9 places above the position seen 10 years ago.
Proved reserves are estimated quantities of energy sources that the analysis of geological and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.