Breakdown by country (bcm)

World

-1.6%

First fall in US gas production since 2005.

Gas production stalled in 2016 well below the historical average (2.3%)

For the first time in ten years, US gas production contracted in 2016. Despite significant cost reduction efforts and productivity gains in the shale gas industry, the gas production fall is explained by the decrease of drilling and completing new gas wells commenced in 2015, the shutting of many unprofitable wells and the decline in conventional production.
Russia, the world’s second largest gas producer, recorded a slight production increase driven by its exports to European countries and its domestic demand and enabled by its production capacity expansion.
The entry into service of large production capacities in Algeria has allowed the country to significantly boost its output after of years of sluggish expansion.
Gas production in the Middle East countries increased at a similar rate to the three previous years.
European gas production continued to fall around its 4.5%/year on average pace resulting from conventional gas depletion and mandated production restriction in The Netherlands.

Global Energy Trends, 2017 edition

Based on its 2016 data for G20 countries, Enerdata analyses the trends in the world energy markets.

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22
Jun

NIOC (Iran) wants to raise oil output, rejects proposed OPEC rise

The Iranian state-held oil firm National Iranian Oil Company (NIOC) aims at increasing the production capacity of its oil fields by 400,000 bbl/d, fitting into the Iranian government's objective of raising the domestic oil production to 4.2 mb/d. However, Iran is opposed with Saudi Arabia and Russia's proposition to raise OPEC's crude oil production by 1.5 mb/d in the third quarter of 2018, and is likely to veto any significant oil production increase across the OPEC. Iran, which was exempted from any production cut in the 2017 agreement, benefited from higher production and rising oil prices. The country will maintain its position to keep OPEC oil production and exports at their current levels.

19
Jun

Europe's Cross-Border Intraday power market (XBID) comes online

The new European Cross-Border Intraday (XBID) market has come online after several years of development and will now enable to increase the number of of power exchanges between the European transmission system operators (TSOs) and the nominated electricity market operators (NEMOs). The aim of the project is to create an integrated European intraday market and ensure the continuous trading of power across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain and Sweden. Most of the remaining European countries are expected to join it later in 2019 for the second go-live. A total of 31 TSOs and 15 power exchange back the XBID market, which is designed to handle up to 400,000 trades per day.

19
Jun

Eni's Zohr gas field will ramp up production to 18 bcm/year (Egypt)

The giant offshore gas field Zohr in Egypt will raise its production capacity to 1.75 bcf/d (49.5 mcm/d or 18 bcm/year) by August 2018. The production ramp-up is scheduled to continue so that the field's output reaches a plateau output of 2.7 bcf/d (28 bcm/year) by mid-2019. Once reached, this level will enable the country to save an estimated US$1bn/year in gas imports and achieve self-sufficiency from natural gas by 2019.

19
Jun

Saudi Arabia and Russia seek to raise OPEC's oil output by 1.5 mb/d

Saudi Arabia and Russia will ask the Organization of the Petroleum Exporting Countries (OPEC) to hike crude oil production by 1.5 mb/d in the third quarter of 2018. In November 2016, Russia and the OPEC jointly decided to cut their output by 1.8 mb/d in order to prop up global prices and production levels were set for each member country: Saudi Arabia agreed to limit its crude production by nearly 486 kb/d to 10.058 mb/d, while Iraq, the second largest producer among OPEC, agreed to cut its production by 209 kb/d.