What is Natural Gas?
Natural gas is a mixture consisting of hydrocarbons with a light molecular weight, such as methane (CH4), ethane (C2H&) and propane (C3H().
World Natural Gas Market – Production
Total production of natural gas in the world was 3,68 billion m3 in 2017. Leading countries in natural gas production are Iran, Russia, Norway, China, the U.S. and Saudi Arabia.
World Natural Gas Market – Consumption
In 2017, total natural gas consumption in the world increased by 3% to 3.67 trillion cubic meters. The increase in demand is mainly due to the Middle East and Africa.
World Natural Gas Market – Pipeline
According to the data in respect of 2017, trade by pipeline was 740.7 bcm. The biggest importer is Germany with 94.8 bcm and the biggest exporter is Russia with 215.4 bcm.
Domestic Natural Gas Market – Consumption
The amount of national natural gas consumption in 2017 was 53.857.136.920,39 Sm3. The distribution of national natural gas consumption by sectors is calculated as 25.09% for household consumption, 38.13% for electricity generation and 24.83% for industrial consumption.
Domestic Natural Gas Market – Imports
55.249,95 million Sm3 natural gas in total was imported in 2017. 44,484.67 million Sm3 thereof was imported by pipeline. It is seen that the largest amount was imported from Russia with the ratio of 51.93% on the country basis.
Domestic Natural Gas Market – LNG
10,765.28 million Sm3 LNG (total of Nigeria, Algeria and Spot LNG) was imported in 2017. This amount is 19.48% of total imports. 37,79% of total LNG imported by Spot LNG and the rest of them imported by BOTAS via long term contracts from Algeria and Nigeria.