Israel is a new addition to the BP Stat Review. As can be seen in the plot below, Israel has reduced its dependence on oil by importing more and more natural gas from Egypt. An earlier post addressed the instability of this arrangement given the current political situation in Egypt.
With the recent update to the BP Stat Review it is becoming more and more clear that Argentina is past peak production in natural gas as seen below. Argentina became a net gas importer in 2008. Argentina is still a net exporter of oil but looks to have less than five years left before slipping into the net oil importer camp.
The shale gas ‘revolution’ continues unabated in the US with natural gas production levels rising in each of the last five years. Unfortunately, consumption has been rising as well so that the US remains a net importer of natural gas.
Chinese production and consumption of natural gas continue their unchecked growth with consumption outpacing production. For the first time in history, China looks set to become a globally significant importer of natural gas within just a few years.
There are many more stories to be found in the plots at the Energy Export databrowser. The latest update extends the dataset by one year to include data for the full year of 2010. The 2011 release also updates and corrects earlier data. While the overall story of resource limits has not changed, each new release of this valuable dataset provides enhanced clarity and additional details of the international energy situation.