India's Oil&Gas

Global energy consumption:

Oil - 36%

Gas - 24%

Coal - 28%

Hydro - 6%

Nuclear - 6%

India accounts for 3% of global oil demand. (China - 10%) with daily oil consumption of 2.2million barrels, of which 70% is imported. Annual demand = 800 million barrels of oil

largest oil importers:

US - 13,300

Japan - 5,500

China - 4,000

Germany - 2,500

S.Korea - 2,200

India - 2,100

largest oil exporters:

Saudi - 10,000

Russia - 7,500

UAE - 2,600

Norway - 2,500

Iran - 2,500

Kuwait - 2,300

OPEC formed in 1960 initially had little influence but the reported reserves in Middle East rose from 360 billion barrels in 1980 to 430 billion barrels in 1984. Today 90% of incremental supply comes from the 13 OPEC.

NATURAL GAS

Proven natural gas reserves:

1. Russia

2. Iran

3. Quatar

4. Saudi Arabia

5. UAE

6. USA

7. Nigeria

8. Venezuela

9. Iraq

10. Indonesia

11. China

12 Norway

13. Kazakastan

14 Kuwait

15. Canada

16. Egypt