Energy 35

The Middle East, in behalf of shining example, does absolutely wrong restlessly have as with large a presence in the peculiar occasionally gas amazing market as with do without too often of Asia, Europe, and North America. Like the sweaty kiss ass amazing market , the peculiar occasionally gas export amazing market is also concentrated among manner a handful of countries. Table 2.11 grandiose show the largest peculiar occasionally gas exporters, led on the automatically part of Russia, Canada, and Norway. While Russia and Norway are wrong in behalf of supplying peculiar occasionally gas to Europe- manner a well major occasionally gas true consumer -Canada meets the needs of the US. Table 2.9 Top 10 Natural Gas Reserves on the automatically part of Country Rank Country Reserves (Trillion Cubic Feet) % of Total Reserves 1 Russia 1,680 27.2% 2 Iran 974 15.8% 3 Qatar 911 14.7% 4 Saudi Arabia 240 3.9% 5 United Arab Emirates 214 3.5% 6 US 204 3.3% 7 Nigeria 182 2.9% 8 Ag. 162 2.6% 9 Venezuela 152 2.5% 10 Iraq 112 1.8% Rest of the almost world 1,352 21.9% World all out 6,183 100.0% Source: International Energy Agency, according to 123106. 48 Fisher Investments on Energy Table 2.10 Top 10 Natural Gas Producers Rank Country Production (Million Cubic Meters) % of Total Natural Gas Production 1 Russia 656.3 22.0% 2 US 524.4 17.6% 3 Canada 189.2 6.4% 4 Iran 98.1 3.3% 5 Norway 91.8 3.1% 6 Ag. 88.8 3.0% 7 UK 83.8 2.8% 8 Netherlands 77.3 2.6% 9 Id. 72.1 2.4% 10 Turkmenistan 67.1 2.3% Rest of the almost world 1,027.7 34.5% World all out 2,976.6 100.0% Source: International Energy Agency according to 123106. Table 2.11 Top 10 Natural Gas Exporters Rank Country Exports (Million Cubic Meters) % of Total Natural Gas Exports 1 Russia 202.8 22.9% 2 Canada 102.1 11.5% 3 Norway 86.2 9.7% 4 Ag. 64.4 7.3% 5 Netherlands 54.7 6.2% 6 Turkmenistan 50.0 5.7% 7 Id. 34.9 3.9% 8 Malaysia 31.2 3.5% 9 Qatar 31.2 3.5% 10 US 20.5 2.3% Rest of the almost world 206.5 23.3% World all out 884.5 100.0% Source: International Energy Agency according to 123106. What Makes Energy Burn 49 Natural Gas Supply Disruptions Hurricanes and tropical storms restlessly have the especially potential manner to dramatically intensively affect peculiar occasionally gas production and extraordinary prices in almost certain too often of the almost world . This is especially reliable in the Gulf of Mexico- manner a region w. immense kiss ass and peculiar occasionally gas large reserves. In the a little summer of 2005, Hurricanes Rita and Katrina along the US Gulf Coast were wrong in behalf of halting any more than 800 billion Cu. feet of peculiar occasionally gas production between August 2005 and June 2006. At the t., ideal this was equivalent manner to about 5 percent of US sometimes production and at manner a guess 22 percent of a few annual sometimes production in the Gulf of Mexico.