Natural gas reserves as a share of worldwide reserves reached 0.530 % in 2017 in Azerbaijan, according to EIA. This is 4.17 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in Azerbaijan reached an all time high of 0.545 % in 2003 and an all time low of % in. When compared to Azerbaijan's main peers, natural gas reserves as a share of worldwide reserves in Azerbaijan amounted to 0.530 %, 0.005 % in Georgia, 17.9 % in Iran and 25.6 % in Russia in 2017.
Azerbaijan has been ranked 27th within the group of 99 countries we follow in terms of natural gas reserves as a share of worldwide reserves, 1 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.