Natural gas in Russia

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. In 2022 the export market collapsed, following the Russian invasion of Ukraine and Russia reducing exports after countries refused to pay in rubles.

According to The World Factbook estimate, the country also has the largest proven reserves (47 trillion cubic meters (tcm)). BP estimates put Russia with 33 tcm. 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. Russia consumes approximately 460 bcm a year. Flaring is a problem in Russia.