Russian natural gas production (red) and exports (black), 1993–2011[needs update]
In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year.[1] In 2022 the export market collapsed[vague], following the Russian invasion of Ukraine and Russia reducing exports after countries refused to pay in rubles.[citation needed]
According to The World Factbook estimate, the country also has the largest proven reserves (47 trillion cubic meters (tcm)).[1] BP estimates put Russia with 33 tcm.[2][3] Additionally, Russia is likely to have the largest volume of undiscovered natural gas deposits, an additional 6.7 tcm, according to 2011 US Geological Survey estimations.[4] Russia consumes approximately 460 bcm a year.[1] Flaring is a problem in Russia.[5]
^ abc"The World Factbook: Russia". CIA. Retrieved 21 May 2014.
^"Table 3.2 Natural gas proven reserves by country". Opec.org. Archived from the original on 2018-02-27. Retrieved 2014-05-22.
^BP Statistical Review of World Energy Archived 2013-12-06 at the Wayback Machine.
^Christopher J. Schenk (2012). "An Estimate of Undiscovered Conventional Oil and Gas Resources of the World". US Geological Survey.
^Global Gas Flaring Tracker Report (PDF) (Report). March 2023.
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