4,550
billion cubic meters
Global Production
BP Statistical Review of World Energy 2024
-0.2%
YOY % Change
Provenance
Like crude oil, natural gas is found in large deposits across the globe, with significant producers including Russia, the United States, Qatar, and Iran. Russia’s natural gas is predominantly extracted from Siberian fields like the Urengoy, while Qatar’s North Field is the largest natural gas field in the world.
Impact
Natural gas is a cleaner-burning fossil fuel, and its production and export have made Russia a key player in the energy markets of Europe. Similarly, Qatar’s liquefied natural gas (LNG) has positioned it as a major global supplier, particularly to Asia.