The world’s largest gas reserves country is which?

The world’s largest gas reserves country is which?

• A. Iran
• B. Russia
• C. United States
• D. Qatar

Answer: (B)

Gas reserves refer to the amount of natural gas that is known to exist and can be extracted economically with current technology and prices. The country with the largest proven natural gas reserves has the biggest cushion of gas that can be tapped in the future. Russia holds the highest total, thanks to enormous gas fields in western Siberia and other regions, which places it ahead of Iran, Qatar, and the United States in proven reserves. While Iran and Qatar also have very large reserves and are major players in gas markets, their proven volumes are smaller than Russia’s. The United States has substantial production, especially from shale, but its proven reserves are less than Russia’s. Therefore, Russia is the country with the world's largest gas reserves.

Gas reserves refer to the amount of natural gas that is known to exist and can be extracted economically with current technology and prices. The country with the largest proven natural gas reserves has the biggest cushion of gas that can be tapped in the future. Russia holds the highest total, thanks to enormous gas fields in western Siberia and other regions, which places it ahead of Iran, Qatar, and the United States in proven reserves. While Iran and Qatar also have very large reserves and are major players in gas markets, their proven volumes are smaller than Russia’s. The United States has substantial production, especially from shale, but its proven reserves are less than Russia’s. Therefore, Russia is the country with the world's largest gas reserves.