Qatar ranked third in world natural gas reserves

Jun 27, 2015 12:00 AM

Qatar ranks third in the world in terms of natural gas reserves, said a report by British Petroleum (BP). According to BP's 'Statistical Review of World Energy' report, Qatar holds about 13.1 percent of the world's total proven gas reserves.

Iran possesses the world's largest proven natural gas reserves with 18.2 percent.

Russia has the second largest gas reserves with 17.4 percent and the Middle East holds about 42.7 percent of total gas reserves.

The report said global energy consumption slowed sharply to an increase of 0.9 percent last year.

Slow growth of energy demand was largely due to China's economy moving away from energy-intensive sectors.

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