Romania’s Proven Natural Gas Reserves Will Run Out in 15-20 Years

Romania’s Proven Natural Gas Reserves Will Run Out in 15-20 Years
energia.gr
Τρι, 1 Μαρτίου 2016 - 18:47
The current natural gas reserves amount to 101.37 billion cubic meters (bcm). At the current production level and replacement rate, reserves could last for another 15-20 years, reports local Economica.net

The current natural gas reserves amount to 101.37 billion cubic meters (bcm). At the current production level and replacement rate, reserves could last for another 15-20 years, reports local Economica.net.

The average annual production amounted to 10.8 billion cubic meters in the last years whereas the proven reserves’ annual decline reached 5%. The replacement rate was 80%.

Romania also had 42.3 bcm of probable gas reserves, and 10.95 bcm of possible reserves, but their exploitation requires new investments.

(
Romania-insider.com )