20 Countries That Import the Most Natural Gas in the World

1. China

Natural Gas Imports in 2022: 5,042.4 billion cubic feet

China has increased its annual natural gas production every year since 1989 but despite this, the country is unable to meet its demand for natural gas with the locally produced gas. In 2022, the country produced a record high of 7.7 trillion cubic feet. Furthermore, China’s natural gas consumption peaked in 2021 at 12.8 trillion cubic feet but then in 2022, natural gas consumption declined by 1% which was the first decline since 1990, according to the International Energy Agency. According to its 14-year plan, the country plans on increasing its natural gas storage capacity to approximately 2.0 trillion cubic feet –2.1 trillion cubic feet by 2025, according to EIA.

Disclosure: None. If you are looking for an AI stock that is more promising than Micron but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.