Conclusion – Largest Natural Gas Producing Countries in the World
According to the World Energy Administration’s International Energy Outlook 2023, natural gas is the fossil fuel with the quickest rate of growth in the world. By 2050, it is expected that its use will have increased from 4.36 trillion cubic meters in 2022 to a range of 4.8 trillion to 6.8 trillion cubic meters. There has been a significant increase in consumption in the Middle East and Africa, as well as in countries like China and India. Natural gas is primarily being used to fuel rising industrial production in the industrial sector and to replace retiring coal-fired power generation in the electric power sector, which is the primary cause of this increased consumption.
Largest Natural Gas Producing Countries in the World
Largest Natural Gas Producing Countries in the World: The top 10 largest natural gas producing countries are the United States, Russia, Iran, China, Canada, Qatar, Australia, Norway, Saudi Arabia, and Algeria. In 2022, the world made more natural gas than the year before, with a 5..7% increase. Through 2030, annual global gas production is forecasted to increase by a CAGR of 0.71%.
At over 25% of global production, the United States is the world’s largest producer of natural gas. Also, the US exports more natural gas than any other country in the world. While some natural gas is imported by the US to assist meet domestic demand, the bulk of natural gas used in the US is generated domestically.
In this article, we will look into the details of the top 10 largest natural gas producing countries in the world, along with their percentage, and their impact on the global level.
Table of Content
- About Natural Gas Producing Countries in the World
- List of Largest Natural Gas Producing Countries in the World
- Largest Natural Gas Producing Country in the World – United States
- Second Largest Natural Gas Producing Country in the World – Russia
- Third Largest Natural Gas Producing Country in the World – Iran
- Fourth Largest Natural Gas Producing Country in the World – China
- Fifth Largest Natural Gas Producing Country in the World – Canada
- Sixth Largest Natural Gas Producing Country in the World – Qatar
- Seventh Largest Natural Gas Producing Country in the World – Australia
- Eighth Largest Natural Gas Producing Country in the World – Norway
- Ninth Largest Natural Gas Producing Country in the World – Saudi Arabia
- Tenth Largest Natural Gas Producing Country in the World – Algeria