04 October 2013 16:58 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
According to an estimate by the Energy Information Administration (EIA), combined
In terms of quadrillion British thermal units (Btu), total petroleum and natural gas hydrocarbon production estimates for the US and Russia for 2011 and 2012 were roughly equivalent, within 1 quadrillion Btu of one another, the EIA said.
However, in 2013 the production estimates widen out, with the
Natural gas production increased by 3 quadrillion Btu over the same period, with much of this growth coming from the eastern
However, the EIA added that comparisons of petroleum and natural gas production across countries “are not always easy” as differences in energy content of crude oil, condensates and natural gas make accurate conversions difficult. In addition there are other measurement issues, such as the inclusion of biofuels and complications arising from differences in refining processes, the EIA said.
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