Visualizing Natural Gas Reserves By Country
July 30, 2024

Visualizing Natural Gas Reserves By Country


Natural gas is used to generate electricity, heat homes and buildings, and power vehicles. It is also a raw material in various industrial processes.


In this graphic, creator Gopalakrishnan Ravichandran ranks natural gas reserves by country. He uses data from the bp Statistical Review, as of September 2023.


Russia Has the Biggest Reserves


Natural gas, coal, and oil have formed over millions of years as plant and animal remains mixed with sediment and undergo pressure and heat.


A natural gas reservoir is a subsurface area where natural gas is trapped within porous and permeable rock formations and confined by impermeable rock or water barriers.


Proven reserves represent the volume of natural gas that can be recovered under existing economic and operating conditions. These reserves can increase when new, successful exploratory wells are drilled.


Russia has the biggest reserves, with 37.4 trillion cubic meters or around 20% of the global total. Iran, in second, has 17% of the total reserves, followed by Qatar with 13%.

Country Reserve (tcm) Percentage
🇷🇺 Russian Federation 37.4 19.9%
🇮🇷 Iran 32.1 17.1%
🇶🇦 Qatar 24.7 13.1%
🇹🇲 Turkmenistan 13.6 7.2%
🇺🇸 US 12.6 6.7%
🇨🇳 China 8.4 4.5%
🇻🇪 Venezuela 6.3 3.3%
🇸🇦 Saudi Arabia 6.0 3.2%
🇦🇪 United Arab Emirates 5.9 3.1%
🇳🇬 Nigeria 5.5 2.9%
🇮🇶 Iraq 3.5 1.9%
🇦🇿 Azerbaijan 2.5 1.3%
🇨🇦 Canada 2.4 1.3%
🇦🇺 Australia 2.4 1.3%
🇰🇿 Kazakhstan 2.3 1.2%
🇩🇿 Algeria 2.3 1.2%
🇪🇬 Egypt 2.1 1.1%
Others 18.1 9.6%
TOTAL 188.1 100.0%

Asia dominates reserves by region, with six countries among the top 10. Meanwhile, Africa, Europe, North America, and South America each have one representative.


Despite being the 5th in proven reserves, the U.S. is the biggest natural gas producer, with 23% of the global share. Russia comes second (17.4%), with Iran in 3rd place (6.4%).


In addition, the U.S. is also the leading gas exporter, exporting 82.7 billion cubic meters of gas via pipelines in 2022 and 104.3 billion cubic meters of liquefied natural gas (LNG). Russia was the second-largest natural gas exporter globally, followed by Qatar and Norway.


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April 20, 2026
TORONTO, April 20, 2026 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Option Grant The Directors granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 14,750,000 common shares, representing 2.58% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring April 20, 2036. Twenty five percent (25%) of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 32.2% were to Directors, 37.3% to Officers, 18.6% to Employees and 11.9% to Consultants of the Company.  About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
November 18, 2025
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