The US produces more natural gas than Russia and Iran combined.
Producer vs consumer gap, 2025 (bcm):
🇺🇸 US: 1,073 produced, 913 consumed, net exporter of 160
🇷🇺 Russia: 609 produced, 480 consumed, net exporter of 129
🇮🇷 Iran: 265 produced, 256 consumed, roughly balanced
🇨🇳 China: only 264 produced against 442 consumed, a 178 bcm gap, the largest on this chart
The top 3 producers, US, Russia and Iran, account for almost half of global gas output.
China isn't a producer story.
It's the world's largest gas import gap.
themerchantsnews.substack.com/p/shell-just-d…
