Published
in Economy
The global landscape of gaseous natural gas exports in 2023 features Norway as a dominant player with a significant market share. Belgium and Russia also contribute notably to the market, with a myriad of countries comprising "the rest" of the industry.
Norway leads the charge in exporting gaseous natural gas with an impressive 29.35% share of the global market. This trajectory has maintained Norway's stronghold in the sector, highlighting its role as a pivotal supplier of this crucial energy resource to the world.
Belgium holds the second position with a substantial 14.70% share in the global export market, proving its prowess as a key transit hub for natural gas in Europe. Meanwhile, Russia, with its vast reserves, commands an 8.25% market share, further solidifying its influential role in the energy arena.
Beyond the top exporters, a collection of countries contributes smaller volumes to the global export market. Nations like Algeria, France, and emerging economies contribute collectively to less than 50% of the market cumulatively, showcasing the widespread nature of natural gas production and exportation. Despite their smaller market sizes individually, these countries together create a dynamic and varied global supply chain.
Norway was the largest exporter of gaseous natural gas in 2023, with a market share of 29.35%.
Belgium and Russia play significant roles in the gaseous natural gas market with shares of 14.70% and 8.25% respectively, supporting Europe's energy network.
Countries like Algeria and France contribute modest shares, underlining a diverse and resilient global energy supply landscape.
