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There is some disagreement on which country has the largest proven gas reserves. Sources that consider Russia in possession of the world's largest proven reserves include the US CIA (47,600 cubic kilometers), [ 2 ] the US Energy Information Administration (EIA) (49,000 km 3 ), [ 3 ] and OPEC (48,810 km 3 ). [ 4 ]
The U.S. and Russia have been the predominant producers of natural gas. [1] Russian natural gas production (red) and exports (black), 1993–2011 [needs update]. In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year. [2]
Russia is the world's second largest producer of natural gas, and has the world's largest gas reserves. Russia used to be the world's largest gas exporter. Gazprom and Novatek are Russia's main gas producers, but many Russian oil companies, including Rosneft, also operate gas production facilities. Gazprom, which is state-owned, is the largest ...
Countries by natural gas proven reserves (2014), based on data from The World Factbook. Russia has the world's largest reserves. Major existing and planned natural gas pipelines supplying Russian gas to Europe. The TurkStream (pictured) and Blue Stream pipelines connect Russia and Turkey under the Black Sea. [35]
Natural gas extraction by countries in cubic meters per year. Countries by natural gas proven reserves (2014), based on data from The World Factbook. This article includes a chart representing proven reserves, production, consumption, exports and imports of natural gas by country. Below the numbers there is specified which position a country ...
Russia is the world's leading natural gas exporter, [38] the second-largest natural gas producer, [39] the second-largest oil exporter [40] and producer, [41] and the third-largest coal exporter. [42] Its foreign exchange reserves are the fourth-largest in the world. [43]
Yamal project, also referred to as Yamal megaproject, is a long-term plan to exploit and bring to the markets the vast natural gas reserves in the Yamal Peninsula, Russia. Administratively, the project is located in the Yamalo-Nenets Autonomous Okrug .
It recovered by the end of 2021 more than 90% of its reserves. Its current output is six times lower than at its peak from 1985 to 1996, but this accounts still to 3% of the country's natural gas output. [3] The Urengoy gas field extracts 230 billion cubic meters of natural gas per year, plus condensate and oil. [1]