Energy
Which Countries Produce the Most Natural Gas?
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Which Countries Produce the Most Natural Gas?
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Natural gas prices have risen since Russia’s invasion of Ukraine, exacerbating an already tight supply situation.
Making matters worse, Moscow has since cut gas exports to Europe to multi-year lows, sending Europe’s gas price to almost 10 times its pre-war average.
Using data from BP’s Statistical Review of World Energy, the above infographic provides further context on the gas market by visualizing the world’s largest gas producers in 2021.
Natural Gas Consumption at All-Time High in 2021
Natural gas is part of nearly every aspect of our daily lives. It is used for heating, cooking, electricity generation, as fuel for motor vehicles, in fertilizers, and in the manufacture of plastics.
The fuel is a naturally occurring hydrocarbon gas and non-renewable fossil fuel that forms below the Earth’s surface. Although the Earth has enormous quantities of natural gas, much of it is in areas far from where the fuel is needed. To facilitate transport and reduce volume, natural gas is frequently converted into liquefied natural gas (LNG), in a process called liquefaction.
Despite global efforts to reduce reliance on fossil fuels, natural gas consumption reached a new all-time high in 2021, surpassing the previous record set in 2019 by 3.3%.
Demand is expected to decline slightly in 2022 and remain subdued up to 2025, according to the International Energy Agency.
Region | 2021 Demand in Billion Cubic Meters (bcm) | 2022P (bcm) | 2025P (bcm) |
---|---|---|---|
Africa | 169 | 172 | 188 |
Asia Pacific | 895 | 907 | 990 |
Central and South America | 153 | 147 | 153 |
Eurasia | 634 | 619 | 632 |
Europe | 604 | 549 | 536 |
Middle East | 564 | 582 | 627 |
North America | 1,084 | 1,108 | 1,116 |
World | 4,103 | 4,083 | 4,243 |
The Asia Pacific region and the industrial sector are expected to be the main drivers of global gas consumption in the coming years
Natural Gas Production, by Country
The world’s top 10 producers of natural gas account for about 73% of total production.
Rank | Country | 2021 Production (bcm) | Share % |
---|---|---|---|
#1 | 🇺🇸 United States | 934.2 | 23.1% |
#2 | 🇷🇺 Russia | 701.7 | 17.4% |
#3 | 🇮🇷 Iran | 256.7 | 6.4% |
#4 | 🇨🇳 China | 209.2 | 5.2% |
#5 | 🇶🇦 Qatar | 177.0 | 4.4% |
#6 | 🇨🇦 Canada | 172.3 | 4.3% |
#7 | 🇦🇺 Australia | 147.2 | 3.6% |
#8 | 🇸🇦 Saudi Arabia | 117.3 | 2.9% |
#9 | 🇳🇴 Norway | 114.3 | 2.8% |
#10 | 🇩🇿 Algeria | 100.8 | 2.5% |
#12 | 🇹🇲 Turkmenistan | 79.3 | 2.0% |
#13 | 🇲🇾 Malaysia | 74.2 | 1.8% |
#14 | 🇪🇬 Egypt | 67.8 | 1.7% |
#15 | 🇮🇩 Indonesia | 59.3 | 1.5% |
#16 | 🇦🇪 United Arab Emirates | 57.0 | 1.4% |
#17 | 🇺🇿 Uzbekistan | 50.9 | 1.3% |
#18 | 🇳🇬 Nigeria | 45.9 | 1.1% |
🌐 Rest of the World | 671.8 | 16.6% | |
🌐 Global Total | 4,036.9 | 100.0% |
Natural gas accounts for 32% of primary energy consumption in the United States, the world’s largest producer. Russia is the second biggest producer, and also has at least 37 trillion cubic meters of natural gas reserves, the most in the world.
China’s natural gas production grew by 7.8% in 2021, and it has nearly doubled since 2011. This sustained growth in production is partly down to government policies incentivizing coal-to-gas switching.
Europe’s Natural Gas Crisis
Russia has significantly reduced flows of natural gas to Europe since Western nations imposed sanctions on the Kremlin following the invasion of Ukraine. Before the war, the European Union (EU) imported about 40% of its natural gas from Russia.
The gas is transported by the Nord Stream system, a pair of offshore natural gas pipeline networks in Europe that run under the Baltic Sea from Russia to Germany.
Russian energy giant Gazprom recently halved the amount of natural gas flowing through the Nord Stream 1 pipeline to 20% of capacity, blaming Western sanctions for a delay in the delivery in a necessary turbine. EU officials say Russia is “weaponizing” its gas supply.
Amid tensions, the EU bloc outlined a plan to phase out dependence on Russian fossil fuels. Lithuania ceased Russian gas imports at the beginning of April. Estonia’s and Latvia’s imports also dropped to zero at the start of that month. Bulgaria, the Netherlands, and Poland all announced that they do not intend to renew long-term contracts with Gazprom.
Despite these efforts, Europe remains dependent on Russia for its supply of natural gas, at least in the short and medium term.
Energy
How Much Does the U.S. Depend on Russian Uranium?
Currently, Russia is the largest foreign supplier of nuclear power fuel to the U.S.
How Much Does the U.S. Depend on Russian Uranium?
This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email.
The U.S. House of Representatives recently passed a ban on imports of Russian uranium. The bill must pass the Senate before becoming law.
In this graphic, we visualize how much the U.S. relies on Russian uranium, based on data from the United States Energy Information Administration (EIA).
U.S. Suppliers of Enriched Uranium
After Russia invaded Ukraine, the U.S. imposed sanctions on Russian-produced oil and gas—yet Russian-enriched uranium is still being imported.
Currently, Russia is the largest foreign supplier of nuclear power fuel to the United States. In 2022, Russia supplied almost a quarter of the enriched uranium used to fuel America’s fleet of more than 90 commercial reactors.
Country of enrichment service | SWU | % |
---|---|---|
🇺🇸 United States | 3,876 | 27.34% |
🇷🇺 Russia | 3,409 | 24.04% |
🇩🇪 Germany | 1,763 | 12.40% |
🇬🇧 United Kingdom | 1,593 | 11.23% |
🇳🇱 Netherlands | 1,303 | 9.20% |
Other | 2,232 | 15.79% |
Total | 14,176 | 100% |
SWU stands for “Separative Work Unit” in the uranium industry. It is a measure of the amount of work required to separate isotopes of uranium during the enrichment process. Source: U.S. Energy Information Administration
Most of the remaining uranium is imported from European countries, while another portion is produced by a British-Dutch-German consortium operating in the United States called Urenco.
Similarly, nearly a dozen countries around the world depend on Russia for more than half of their enriched uranium—and many of them are NATO-allied members and allies of Ukraine.
In 2023 alone, the U.S. nuclear industry paid over $800 million to Russia’s state-owned nuclear energy corporation, Rosatom, and its fuel subsidiaries.
It is important to note that 19% of electricity in the U.S. is powered by nuclear plants.
The dependency on Russian fuels dates back to the 1990s when the United States turned away from its own enrichment capabilities in favor of using down-blended stocks of Soviet-era weapons-grade uranium.
As part of the new uranium-ban bill, the Biden administration plans to allocate $2.2 billion for the expansion of uranium enrichment facilities in the United States.
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