Top 5 Natural Gas Producing Countries in the World in 2024

3. Iran

Total Natural Gas Production in 2022: 259.4 bcm

With 33 trillion cubic meters, Iran has the world’s second-largest natural gas reserves and is placed among the Top 3 Gas Producers Globally. However, around 25 bcm of Iranian gas goes to waste every year, mainly due to flaring and leakages in the transmission and distribution network. Due to its rising consumption, rampant inefficiency, flagging production, and international sanctions, the country has faced some severe gas shortages recently.

Despite facing such issues, Iran is the Largest Producer of Natural Gas in the Muslim World. It also ranks among the countries with the largest gas subsidies in the world, with $45 billion worth of subsidies in 2022.