5 Countries With The Largest Natural Gas Reserves in 2023

2. Islamic Republic of Iran

Natural Gas Reserves In Cubic Kilometers in 2021: 34,000

Iran is another Asian country with vast amounts of petroleum reserves. Just like Venezuela, the country cannot sell its fuel on the international market due to financial sanctions. However, Iran nevertheless supplies copious amounts of oil to China through a vast global network of cargo ships. Yet, fuel subsidies in Iran are often a pain for budget managers, and the country is also investing billions of dollars to bring its LNG capacity up to global standards.