Introduction

With 3,261.9 trillion cubic feet (tcf), Asia and Oceania is the region with the world’s largest proven natural gas reserves, followed by Russia and the CIS at 1,998.9 tcf, at the end of 2020. Of this, Middle Eastern countries accounted for 40.3%.

In terms of proven natural gas reserves countries, Russia has the world’s largest proven natural gas reserves at 1,320.5 tcf, followed by Iran at 1,133.6 tcf and Qatar at 871.1 tcf. The figure below shows the world’s top ten countries with proven natural gas reserves at the end of 2020.

On the other hand, the top ten ranking of natural gas producing country is different than the proven natural