- Natural Gas Production refers to the total volume of marketable natural gas extracted from underground reservoirs within a country during a given year.
Venezuela Natural Gas Production was 29.70 Billion Cubic Metres in 2023, up 2.1% on 2022. The Natural Gas Production dataset of Venezuela from 2015 to 2023 provides a comprehensive overview of the country's natural gas output, highlighting production trends, upstream developments, and long-term changes across the natural gas sector. Measured in billion cubic metres (bcm), the dataset represents the total volume of marketable natural gas produced annually.
Venezuela Natural Gas Production moved from 36.10 Billion Cubic Metres in 2015 to 29.70 Billion Cubic Metres in 2023 (−17.7%), an average of −2.4% a year. The series high was 38.60 Billion Cubic Metres in 2017 and the low 21.60 Billion Cubic Metres in 2020.
The gap between the series high (2017) and low (2020) is 17.00 Billion Cubic Metres. The sharpest single-year move was +30.1% in 2021.
Among the 37 countries in this dataset, Venezuela ranks 24 for 2023, behind U.S. (1,035 Billion Cubic Metres) and Russia (586.4 Billion Cubic Metres). It accounts for 0.7% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Billion Cubic Metres.
Scroll the table sideways to see all columns.
| Year | Billion Cubic Metres | Change vs prior year |
|---|---|---|
| 2023 | 29.70 | +2.1% |
| 2022 | 29.10 | +3.6% |
| 2021 | 28.10 | +30.1% |
| 2020 Trough | 21.60 | −15.6% |
| 2019 | 25.60 | −19% |
| 2018 | 31.60 | −18.1% |
| 2017Peak | 38.60 | +3.8% |
| 2016 | 37.20 | +3% |
| 2015 | 36.10 | — |
Regional context
Natural Gas Production by country, 2023, Billion Cubic Metres. Venezuela is highlighted.
Data definition
Natural Gas Production — - Natural Gas Production refers to the total volume of marketable natural gas extracted from underground reservoirs within a country during a given year. It is typically measured in billion cubic meters (bcm) and represents the production of natural gas that is available for sale, distribution, or consumption after the removal of impurities and non-hydrocarbon components where applicable. The indicator includes gas produced from both associated gas fields (produced alongside crude oil) and non-associated gas fields. Natural Gas Production is a key measure of a country's upstream gas industry, resource availability, energy security, and contribution to domestic and global natural gas supply.
The data includes the production of marketable natural gas from conventional and unconventional sources, including associated gas, non-associated gas, shale gas, tight gas, coalbed methane, and offshore gas fields where commercially recoverable. It covers gas produced for domestic consumption, exports, storage injection, and industrial use after field processing to remove water, impurities, and certain non-hydrocarbon gases, as defined by national reporting methodologies. Production from both onshore and offshore operations is included. The indicator is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of natural gas production across countries and over time.
The data excludes natural gas that is vented, flared, reinjected into reservoirs for pressure maintenance, or otherwise not marketed unless specifically included under national reporting practices. It also excludes natural gas liquids (NGLs), lease condensate, crude oil, liquefied natural gas (LNG) processing volumes, and refined petroleum products. The indicator does not measure natural gas consumption, reserves, imports, exports, pipeline transmission, storage inventories, or distribution losses. Differences in national reporting standards, definitions of marketable gas, processing practices, and estimation methodologies may result in minor variations in reported values across countries.
Natural Gas Production — - Natural Gas Production refers to the total volume of marketable natural gas extracted from underground reservoirs within a country during a given year. It is typically measured in billion cubic meters (bcm) and represents the production of natural gas that is available for sale, distribution, or consumption after the removal of impurities and non-hydrocarbon components where applicable. The indicator includes gas produced from both associated gas fields (produced alongside crude oil) and non-associated gas fields. Natural Gas Production is a key measure of a country's upstream gas industry, resource availability, energy security, and contribution to domestic and global natural gas supply.
It serves as an important indicator of upstream production capability, domestic energy availability, industrial fuel supply, export potential, and the country's ability to support long-term energy security while reflecting developments across Venezuela's natural gas industry.
Venezuela produced 36.1 bcm of natural gas in 2015, increasing to 37.2 bcm in 2016 and 38.6 bcm in 2017. Production then declined sharply to 31.6 bcm in 2018 and continued falling to 25.6 bcm in 2019 before reaching 21.6 bcm in 2020. Output recovered to 28.1 bcm in 2021, increased to 29.1 bcm in 2022, and reached 29.7 bcm in 2023, reflecting partial improvements in upstream operations following earlier production declines.
Overall, the dataset demonstrates significant production volatility throughout the review period. Following growth between 2015 and 2017, production declined considerably before recovering during the final three years. The overall trend reflects changing upstream investment, operational performance, infrastructure conditions, field development activities, and evolving market conditions affecting Venezuela's natural gas sector.
The dataset is valuable for evaluating Venezuela's natural gas production trends, assessing upstream sector performance, and analyzing long-term supply dynamics. It supports energy market analysis, investment planning, infrastructure development, and policy evaluation while providing valuable insights for researchers, industry stakeholders, analysts, and policymakers monitoring production capacity, domestic gas availability, export potential, energy security, infrastructure development, and the future competitiveness of Venezuela's natural gas industry.
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Definition- Natural Gas Production refers to the total volume of marketable natural gas extracted from underground reservoirs within a country during a given year. It is typically measured in billion cubic meters (bcm) and represents the production of natural gas that is available for sale, distribution, or consumption after the removal of impurities and non-hydrocarbon components where applicable. The indicator includes gas produced from both associated gas fields (produced alongside crude oil) and non-associated gas fields. Natural Gas Production is a key measure of a country's upstream gas industry, resource availability, energy security, and contribution to domestic and global natural gas supply.
Venezuela Natural Gas Production was 29.70 Billion Cubic Metres in 2023, up 2.1% on 2022.
Venezuela Natural Gas Production moved from 36.10 Billion Cubic Metres in 2015 to 29.70 Billion Cubic Metres in 2023 (−17.7%), an average of −2.4% a year. The series high was 38.60 Billion Cubic Metres in 2017 and the low 21.60 Billion Cubic Metres in 2020.
The highest value was 38.60 Billion Cubic Metres in 2017 and the lowest was 21.60 Billion Cubic Metres in 2020.
Included: The data includes the production of marketable natural gas from conventional and unconventional sources, including associated gas, non-associated gas, shale gas, tight gas, coalbed methane, and offshore gas fields where commercially recoverable. It covers gas produced for domestic consumption, exports, storage injection, and industrial use after field processing to remove water, impurities, and certain non-hydrocarbon gases, as defined by national reporting methodologies. Production from both onshore and offshore operations is included. The indicator is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of natural gas production across countries and over time. Excluded: The data excludes natural gas that is vented, flared, reinjected into reservoirs for pressure maintenance, or otherwise not marketed unless specifically included under national reporting practices. It also excludes natural gas liquids (NGLs), lease condensate, crude oil, liquefied natural gas (LNG) processing volumes, and refined petroleum products. The indicator does not measure natural gas consumption, reserves, imports, exports, pipeline transmission, storage inventories, or distribution losses. Differences in national reporting standards, definitions of marketable gas, processing practices, and estimation methodologies may result in minor variations in reported values across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Billion Cubic Metres.
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