As of 2024, the United States was the biggest producer of natural gas in the world. With a production of approximately ************* cubic meters that year, U.S. natural gas production was over *********** cubic meters more than the second biggest producer - Russia. These two nations are by far the biggest contributors to natural gas production on the planet. In 2024, global natural gas production reached a peak of ************* cubic meters. Global natural gas reserves Global proved natural gas reserves totaled nearly 209 trillion cubic meters in 2024. The Middle East and the Commonwealth of Independent States are home to the largest regional natural gas reserves. The country with the largest proved natural gas reserves is Russia, which holds *********** cubic meters in 2024. In the previous year, Russia’s state-owned energy group Gazprom held a **** percent share of global natural gas. Natural gas trade In addition to having the largest natural gas reserves, Russia is also one of the world’s leading gas exporting country. The majority of Russia’s gas exports are via pipelines, and in 2024 it exported approximately ************* cubic meters through this method. In comparison, Qatar is the third largest natural gas exporter, but is the leading LNG exporting country.

In 2021, Nigeria had the highest share of the natural gas production in the region of West Africa, accounting for ** percent of the output. In contrast, Ghana made up the remaining *** percent. Furthermore, Nigeria had one of the highest volumes in natural gas reserves in Africa.

Heilongjiang: Natural Gas: Supply: Production data was reported at 5,575.000 Cub m mn in 2022. This records an increase from the previous number of 5,050.000 Cub m mn for 2021. Heilongjiang: Natural Gas: Supply: Production data is updated yearly, averaging 2,850.000 Cub m mn from Dec 1995 (Median) to 2022, with 28 observations. The data reached an all-time high of 5,575.000 Cub m mn in 2022 and a record low of 2,022.000 Cub m mn in 2002. Heilongjiang: Natural Gas: Supply: Production data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBL: Natural Gas Balance Sheet: Heilongjiang.

In 2021, Tanzania accounted for ** percent of Eastern Africa's natural gas production. In contrast, Sudan had ** percent of the region's gas output. In general, natural gas production in Africa increased in recent decades.

Natural Gas Production: Year to Date: Guangdong data was reported at 3.380 Cub m bn in Mar 2025. This records an increase from the previous number of 2.220 Cub m bn for Feb 2025. Natural Gas Production: Year to Date: Guangdong data is updated monthly, averaging 3.890 Cub m bn from Apr 2002 (Median) to Mar 2025, with 265 observations. The data reached an all-time high of 13.250 Cub m bn in Dec 2021 and a record low of 0.234 Cub m bn in Jan 2003. Natural Gas Production: Year to Date: Guangdong data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBA: Energy Production: Natural Gas.

In 2021, Equatorial Guinea had the highest share of the natural gas production in the region of Central Africa, accounting for ** percent of the output. Furthermore, Equatorial Guinea had also one of the highest gas production volumes on the African continent.

China Natural Gas Production data was reported at 230,410.000 Cub m mn in 2022. This records an increase from the previous number of 215,550.000 Cub m mn for 2021. China Natural Gas Production data is updated yearly, averaging 14,075.000 Cub m mn from Dec 1949 (Median) to 2022, with 74 observations. The data reached an all-time high of 230,410.000 Cub m mn in 2022 and a record low of 3.000 Cub m mn in 1951. China Natural Gas Production data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBA: Energy Production: Natural Gas.

In 2021, Angola had the highest share of natural gas production in the region of Southern Africa, accounting for ** percent of the output. In contrast, Mozambique made up the remaining ** percent. Furthermore, both countries had among the largest gas reserves on the African continent.

The International Energy Agency (IEA) datasets published by the Energy Statistics Division (ESD) contain annual and quarterly time-series data from 1960 onwards on energy production, trade, stocks, transformation, consumption, prices and taxes as well as on greenhouse gas emissions for the OECD member countries and non-OECD countries worldwide.

In OECD member countries the data are collected by official bodies (most often the national statistics office in each country) from firms, government agencies and industry organisations and are then reported to the IEA using questionnaires to ensure international comparability. In non-OECD countries, the data are collected directly from government and industry contacts and from national publications.

The International Energy Agency (IEA) Natural Gas Information database contains time-series of annual gas supply balances for Organisation for Economic Co-operation and Development (OECD) and non-OECD countries from 1960 onwards. World statistics include data on production, total imports and exports and gross inland consumption. For the OECD countries, more detailed information on supply and consumption by sector, and trade by origin and destination is available. This database is updated by the IEA once each year with a preliminary release for select countries releasing earlier in the year.

These data were first provided by the UK Data Service in June 2005 and are updated semi-annually.

European Import of Gas Supply or Production Meters by Country, 2021 Discover more data with ReportLinker!

Israel: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0.43 percent, an increase from 0.26 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Israel from 1995 to 2021 is 0.09 percent. The minimum value, 0 percent, was reached in 1995 while the maximum of 0.43 percent was recorded in 2021.

Saudi Arabia: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 1.72 percent, an increase from 1.28 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Saudi Arabia from 1970 to 2021 is 0.71 percent. The minimum value, 0.04 percent, was reached in 1974 while the maximum of 1.72 percent was recorded in 2021.

China Natural Gas Consumption: Industry: EG: Gas Production and Supply data was reported at 3,934.000 Cub m mn in 2022. This records an increase from the previous number of 3,551.000 Cub m mn for 2021. China Natural Gas Consumption: Industry: EG: Gas Production and Supply data is updated yearly, averaging 717.809 Cub m mn from Dec 1994 (Median) to 2022, with 29 observations. The data reached an all-time high of 3,934.000 Cub m mn in 2022 and a record low of 10.093 Cub m mn in 1997. China Natural Gas Consumption: Industry: EG: Gas Production and Supply data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBB: Natural Gas Consumption.

This table shows the supply and consumption of natural gas as a balance sheet. The supply of natural gas is calculated as the sum of indigenous production, production from other sources, imports minus exports, minus delivery of fuels for international shipping (bunkers) plus stock changes. The supply is equal to the amount of natural gas used in the Netherlands in the same period.

This consumption is broken down by how it's delivered by the gas distribution network. This consists of a main grid and connected regional grids. Large-scale consumers, like power plants and large companies, receive the gas directly from the main distribution network. Small-scale consumers, including households, receive their natural gas through the regional grids. Then a small amount of natural gas is used in the indigenous production and transportation of natural gas. Finally, there is flared and vented natural gas.

Data available: From 1946 annually and from 1982 annually, quarterly and monthly.

Status of the figures: - up to and including 2021 definite. - 2022 and 2023 are revised provisional. 2024 is provisional.

Changes as of October 31st 2024: Figures for September 2024 have been updated.

Changes as of October 15th of 2024: Figures of September 2024 have been added.

Changes as of September 4th 2024: Figures of liquefied natural gas (LNG) are reported per country of origin starting from reporting year 2021. Figures of 2021 have been revised in accordance with new methods.

Changes as of August 28th 2024: Provisional figures for July 2024 have been updated.

When will new figures be published? Provisional figures: Half a month after the month under review. Revised provisional figures: not later than June of the year following the reporting year. Definite figures: not later than December of the second following year.

In 2021, Algeria accounted for the highest share of natural gas production in Northern Africa, with ** percent of region's gas output. Furthermore, Algeria had the second largest natural gas reserves on the African continent.

Poland: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0.1 percent, an increase from 0.02 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Poland from 1990 to 2021 is 0.07 percent. The minimum value, 0.01 percent, was reached in 1998 while the maximum of 0.12 percent was recorded in 2012.

Honduras: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Honduras from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

Snapshot img

The natural gas fired electricity generation market size is estimated to grow at a CAGR of 3.95% between 2022 and 2027. The market size is forecast to increase by 122.7 million toe. The growth of the market depends on several factors, including increased energy demand, rising support from governments worldwide, and increasing natural gas production.

This natural gas fired electricity generation market report extensively covers market segmentation by type (CGCT and OCGT), end-user (residential, commercial, and industrial), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Natural Gas Fired Electricity Generation Market During the Forecast Period?

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Natural Gas Fired Electricity Generation Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing natural gas production is notably driving the market growth, although factors such as environmental concerns associated with the combustion of natural gas may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Natural Gas Fired Electricity Generation Market Driver

The increasing natural gas production is notably driving market growth. The fastest-growing fossil fuel is now natural gas due to the increasing supply of tight gas, shale gas, and coalbed methane. Since 2008, successful shale oil and gas extraction in nations like the US has increased the global supply of natural gas. The US EIA estimated that shale gas production will reach 8.1 million barrels per day (bpd) by September 2020. Additionally, the IEA predicted that by 2022, US natural gas production would make up 40% of the world's total natural gas output. Furthermore, the Permian Basin, where natural gas production was anticipated to double by 2022, dominates US shale gas production.

Similarly, the IEA predicted that by 2022, the Middle East would increase global natural gas production by 2,472.03 bcf (70 bcm). The Yamal peninsula is also home to significant untapped natural gas production capacity for Russia, which is the second-largest natural gas producer in the world after the United States. Hence, natural gas will be readily available for use in generating electricity due to the increase in natural gas production around the world. Hence, such factors will boost the growth of the global market during the forecast period.

Significant Natural Gas Fired Electricity Generation Market Trends

A shift to gas generators is an emerging trend in market growth. Natural gas, one of the non-renewable fuels used by gas generators, is a cost-efficient and efficient source of energy for mobile power generation. Compared to other fossil fuels, natural gas is more efficient and has lower operating costs. The capacity utilization rate of natural gas-fired combined cycles was the highest among other fossil fuels in 2018, according to the US EIA. By 2030, it is anticipated that 80% of natural gas's capacity will be used, further promoting the use of this fuel for the production of natural gas-fired electricity.

Compared to diesel generators, gas generators emit fewer emissions and are cleaner. These generators produce a smaller amount of air pollutants. Additionally, unlike diesel generators, they do not produce ash and soot leftovers. The power industry has switched to gas generators as a result of these benefits. New government regulations that encourage the use of gas generators have also been created as a result of environmental concerns. As a result, gas generators are becoming more widely used. Moreover, new variations of natural gas generators are also being introduced by numerous vendors active in the target market. Hence, factors like these will fuel the growth of the global market during the forecast period.

Major Natural Gas Fired Electricity Generation Market Challenge

The environmental concerns associated with the combustion of natural gas are major challenges impeding market growth. Natural gas is a fossil fuel, and so it still releases a variety of hazardous pollutants when it is burned, even though the emissions of greenhouse gases (GHGs) are much lower than those from coal or oil. Additionally, the combustion of natural gas releases nitrogen oxides, which are precursors to smog. These emissions have also been linked to a number of human illnesses, including lung cancer, asthma, bronchitis, and heart disease, in addition to air pollution. Furthermore, exposure to high concentrations of these air pollutants may have negative health effects, including cancer, cardiovas

China Natural Gas Consumption: Industry: EG: Electricity, Heat Production and Supply data was reported at 63,978.000 Cub m mn in 2022. This records a decrease from the previous number of 64,501.000 Cub m mn for 2021. China Natural Gas Consumption: Industry: EG: Electricity, Heat Production and Supply data is updated yearly, averaging 1,274.387 Cub m mn from Dec 1985 (Median) to 2022, with 37 observations. The data reached an all-time high of 64,501.000 Cub m mn in 2021 and a record low of 90.000 Cub m mn in 1992. China Natural Gas Consumption: Industry: EG: Electricity, Heat Production and Supply data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBB: Natural Gas Consumption.

The Republic of the Congo: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0.36 percent, an increase from 0.24 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for the Republic of the Congo from 1980 to 2021 is 0.18 percent. The minimum value, 0 percent, was reached in 1982 while the maximum of 0.9 percent was recorded in 2013.