Natural gas reserves as a share of worldwide reserves reached 0.805 % in 2017 in Libya, according to EIA. This is 4.16 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in Libya reached an all time high of 1.02 % in 1991 and an all time low of % in. When compared to Libya's main peers, natural gas reserves as a share of worldwide reserves in Algeria amounted to 2.41 %, 1.17 % in Egypt and 0.035 % in Tunisia in 2017.
Libya has been ranked 22nd 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.