Natural gas reserves as a share of worldwide reserves reached 0.722 % in 2017 in European Union, according to EIA. This is 4.39 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in European Union reached an all time high of 5.07 % in 1981 and an all time low of % in. When compared to European Union's main peers, natural gas reserves as a share of worldwide reserves in China amounted to 2.78 %, 0.011 % in Japan and 25.6 % in Russia in 2017.
European Union has been ranked 23rd within the group of 99 countries we follow in terms of natural gas reserves as a share of worldwide reserves, 8 places behind 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.