Fifth Largest Natural Gas Producing Country in the World – Canada
Canada is the world’s fifth largest producer of natural gas with 205 billion cubic meters of natural gas production in the year 2022.
- With 83 trillion cubic feet of proven natural gas reserves, the majority of Canada’s natural gas production comes from the Western Canadian Sedimentary Basin (WCSB).
- Apart from the WCSB, significant natural gas deposits can be discovered in the offshore fields close to Newfoundland and Nova Scotia, the Arctic region, and the Pacific coast.
- Canada, which primarily trades with the US, is a major exporter of natural gas and depends only on pipelines.
- In 2022, the US’s northern neighbor provided 99 percent of all its imports of natural gas.
- Canada is an unlikely alternative to Russia for supplying natural gas to Europe since it lacks LNG infrastructure.
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