Natural gas reserves as a share of worldwide reserves reached 0.019 % in 2017 in New Zealand, according to EIA. This is 1.29 % more than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in New Zealand reached an all time high of 0.231 % in 1980 and an all time low of % in. When compared to New Zealand's main peers, natural gas reserves as a share of worldwide reserves in Australia amounted to 1.06 %, 1.48 % in Indonesia, 0.632 % in Malaysia and 0.053 % in Philippines in 2017.
New Zealand has been ranked 66th within the group of 99 countries we follow in terms of natural gas reserves as a share of worldwide reserves, 7 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.