Natural gas reserves as a share of worldwide reserves reached 0.076 % in 2017 in Papua New Guinea, according to EIA. This is 2.60 % less than in the previous year.
Historically, natural gas reserves as a share of worldwide reserves in Papua New Guinea reached an all time high of 0.301 % in 1995 and an all time low of % in. When compared to Papua New Guinea's main peers, natural gas reserves as a share of worldwide reserves in Australia amounted to 1.06 %, 1.48 % in Indonesia, 0.019 % in New Zealand and 0.053 % in Philippines in 2017.
Papua New Guinea has been ranked 47th 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.