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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]
However, BP credits Russia with only 32,900 km 3, [5] which would place it in second place, slightly behind Iran (33,100 to 33,800 km 3, depending on the source). Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling , estimates are updated frequently.
Countries by natural gas proven reserves (2014), based on data from The World Factbook Natural gas production by region. This is a list of countries by natural gas production based on statistics from The U.S Energy Information Administration (EIA).
Russian gas has been replaced by liquefied natural gas (LNG) imports: the United States has increased its slice of the EU gas market to 56.2 bcm in 2023 from 18.9 bcm in 2021 while Norway grew its ...
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 ...
Gas prices in Europe rose nearly 20% this week, CNBC reported, as Russian natural gas flows dropped to less than 20% of their usual capacity in Germany’s Nord Stream 1 pipeline.
Russia natural gas production (red) and exports (black). [needs update] Russian crude oil production (red) and crude oil exports (black). [needs update] The petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas. [1]
Even as Russia’s war against Ukraine began in 2022, Russian natural gas flowed through the country’s pipeline network, established when both nations were part of the Soviet Union, to Europe ...