Russian Federation is the top country by reserves of natural gas in the world. Venezuela has the second-largest natural gas reserves in the Western Hemisphere behind only the United States. Most of the United States’ major natural gas formations are in Texas, Oklahoma, and Louisiana. According to BP Statistical Review of World Energy 2020, Russia holds 19% of the world’s natural gas reserves with a total proved resource of 38 TCM (1,341 trillion cubic feet). India's mining sector contributes 11% of the country's industrial gross domestic product (GDP) … Qatar has the third-largest natural gas reserves of about 24,072 billion cubic meters (bcm). In 2015, over 70% of natural gas exports went to China, with whom Turkmenistan has signed natural gas contracts. Russia has the largest natural gas reserves in the world totaling 47,805 billion cubic meters (bcm). Natural Gas by Country 2020 1. Inadequate transportation and distribution infrastructure have prevented Venezuela from making the most out of its natural gas resources. As of 2019, reserves of natural gas in Russian Federation was 1,688.23 trillion cubic feet that accounts for 23.53% of the world's reserves of natural gas. Iran has about 33,721 billion cubic centimeters (bcm) of natural gas reserves. China has the tenth-largest natural gas reserves in the world of 5,440 billion cubic meters. CHANGES FROM LAST EDITION In the current release the files for OECD countries are updated with complete information for 2019. Iran - 155 billion barrels. Natural gas is a naturally occurring hydrocarbon composed primarily of methane, though it may also contain varying amounts of natural gas liquids (ethane, propane, butane, and pentane) and non-energy components. List of countries by natural gas production, Rank Order - Natural gas - proved reserves, 2011 report on oil and gas companies, Promoting revenue Transparency, Table 3.2 Natural gas proven reserves by country, BP Statistical Review of World Energy, 2015, List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_natural_gas_proven_reserves&oldid=994783700, Articles with dead external links from January 2018, Articles with permanently dead external links, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, Star denotes includes "recoverable portion of shale reserves", This page was last edited on 17 December 2020, at 14:38. In 2018, global natural gas production hit a new record of 3937 Billion cubic meters, a 4.0% increase compared to 2017. Comparison of proven natural gas reserves from different sources (cubic kilometers, as of 31 December 2014/1 January 2015), Please expand the article to include this information. In an effort to expand its natural gas export and reclaim its place as the world’s top liquefied natural gas exporter, Iran began drilling expansion in North Field and plans on increasing output by 60%. Over the past 20 years, China’s proven gas reserves have almost quintupled. Despite this, China is barely meeting its country’s demand for natural gas. 2020 | 69th edition Natural gas 32 Reserves 34 Production 36 Consumption 39 Prices 40 Trade movements. Proven Oil Reserves showcases the commercially available (and theoretically recoverable) oil reserves of a given country based on its recognized reservoirs. Qatar. Qatar holds almost 14% of total world natural gas reserves. Natural gas for automotive use is highly encouraged in Russia. Russian Federation is the top country by reserves of natural gas in the world. World Gas Reserves. Further details may exist on the. Over one-third of gross natural gas output is re-injected into reservoirs to boost or maintain pressure and a smaller percentage is vented or flared. Natural gas occurs in several ways. Natural gas is a greenhouse gas that does have an effect on climate change. Natural Gas Reserves is measured inTrillion cubic metres. Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America and Africa, deepwater drilling, estimates are undergoing frequent updates, mostly increasing. It is estimated that the United States has enough natural gas to last at least another 60 years or longer. This has kept China reliant on imports of liquefied natural gas or piped gas from other countries. Proven Oil Reserves showcases the commercially available (and theoretically recoverable) oil reserves of a given country based on its recognized reservoirs. Natural gas is a fossil energy source and naturally occurring hydrocarbon gas that forms below the Earth’s surface. Nigeria’s natural gas reserves total 5,475 billion cubic meters. 32 Total proved reserves At end 1999 At end 2009 At end 2018 At end 2019 ... reserves by country. ENI, World Gas and Renewables Review, 2018. Venezuela’s natural gas reserves are the eighth-largest in the world at 5,740 billion cubic meters, accounting for about 3% of the world’s total natural gas reserves. In early 2020, a natural gas field was discovered between Abu Dhabi and Dubai that contains 80 trillion standard cubic feet of natural gas. Turkmenistan is home to several of the world’s largest natural gas fields, which are located primarily in the Amu Darya basin in the southeast part of the country, the Murgab Basin in the south, and the South Caspian basin in the western part of the country. Natural gas, however, is cleaner than other types of energy such as coal. Russia (38.9 Tcm), Iran (31.9 Tcm) and Qatar (24.7 Tcm) are the countries with the biggest reserves. This is a list of countries by proven oil reserves.Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and … The world has proven reserves equivalent to 52.3 times its annual consumption. Natural gas increased 0.37 USD/MMBtu or 17.21% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. The United States of America is the top country by crude oil reserves in the world. Despite Venezuela’s large supply of natural resources, the country still struggles economically and its … The top 5 countries (others are Iran, Qatar, the United States of America, and Saudi Arabia) account for 62.83% of it. Natural gas that is found this way is called conventional natural gas. Saudi Arabia has the fifth-largest natural gas reserves in the world, totaling about 9,200 billion cubic meters (bcm). Natural gas can also be used as fuel for vehicles and in the manufacture of plastics. Russia has the largest natural gas reserves in the world totaling 47,805 billion cubic meters (bcm). Since 2000, some countries, notably the US and Canada, have seen large increases in proved gas reserves due to development of shale gas, but shale gas deposits in most countries are yet to be added to reserve calculations. U.S. Energy Information Administration 1000 Independence Ave., SW Washington, DC 20585. 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