Eni: 2013 World Oil and Gas review highlights US climb to the top

Eni issued the 13th edition of the World Oil and Gas Review.

The data highlights how, in recent years, the United States has become the world leader in oil and gas production growth and has consolidated its position as top consumer, with significant repercussions on the flow of crude, petroleum products and LNG.

2013 gas reserves increased 1.7% according to the report, mostly thanks to the East Africa new gas discoveries.

The report also shows that in the gas market, the US reprised its role as top producer for the second year in a row, thanks to its shale resources, also managing to post a 5% uptick in reserves vis-a-vis a steep decline in new wells in gas plays.

The production increase came from associated and wet gas. Gas reserves were on the rise globally, also thanks to new discoveries such as Mozambique, which will soon become a new LNG production hub.

On the other hand, growth in gas consumption was rather modest in 2013 (1% vs the 2.5% average per year from 2000 to 2013), also due to a deceleration in demand growth in non-OECD countries. The vast availability of domestic gas production sustained US consumption (+2%), confirming its position as the biggest gas consumer in the world.

Press Release, October 6, 2014; Image: Eni