When fuel and coal emerged, gas became part of man's everyday living. Gas is needed to make a gas stove work for cooking, to fill up the tank of your car, and to make every other machinery perform. It's no wonder that hundreds of companies around the world invest and purchase fuel and natural gas from the best world country leaders.
One of the biggest power houses in natural gas by 2006 is Qatar. Ranked #3, is has been known that this country has a reserve of 911 trillion cubic feet. According to statistics, this country has beaten Malaysia as the largest exporter of LNG in the world. The country's revenue of natural gas amounts to 60 percent of its GDP.
Now, the country's primary income relies from oil and natural gas exports. The country has 12 billion barrels while gas reserved is estimated between 800 trillion feet to 80 trillion cubic feet. Through the gas reserve, Qatar has become one of the least taxed sovereign states with the highest GDP per capita in the Arab world.
Ranked number two is the country Iran, with an estimated reserve of 971 trillion cubic feet. Iran is the second largest reserve with around 62 percent of the reserve located in non-associated fields.
This country's gas fields include South and North Pars, Tabnak, and Kangan-Nar. Although there has been news that the country's exports will be minimal due to the rising domestic demands which led to the British Petroleum (BP) and Chile's Sipetrol divest in Iran's natural reserve sector. Still, this may be the only country that reached the peak of LNG exports with 1, 462 Bcf.
Russia has garnered number 1 in the 2006 Greatest Gas Natural Reserves by Country. This country's economy rose due to their gas reserve, as well as oil exports. They all amount up to 80% of exports abroad. Despite of the increased high prices, oil and gas contributed to Russia's GDP with 5.7% and it is expect to drop to 3.7% in the year 2011.
In 2007 alone, Russia's GDP rose by 8.1 percent, which surpassed other countries. Since the country relies on their natural gas for exports, its economy boomed internally. Natural gas contributed to 55% to the country, along with 16% of coal, hydroelectric power with 6%, nuclear with 5%, and oil on 19%. To further manage economic downfall in the future, the Russian government created a stabilization fund in 2004, and is expected to grow with a net worth $158 billion.
Together with these three powerhouse countries that reserve the best natural gas, our world will never run out of gas. If other countries can go beyond what Russia, Iran and Qatar can do, those countries can compete worldwide and help the economy as well.
