World’s Top 40 Companies in Natural Gas Market 2025: Watchlist Statistical Report (2024–2035)
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Natural Gas Market Size is projected to Grow from USD 1110.35 Billion in 2024 to USD 2412.88 Billion by 2035, at a CAGR of 7.31% during the forecast period 2025–2035. The global natural gas market is driven by rising energy demand, cleaner fuel adoption, industrial and power sector growth, urbanization, LNG trade expansion, government support, and its lower carbon emissions compared to coal and oil.
Introduction
The Global Natural Gas Market Size refers to the production, distribution, and consumption of natural gas, a fossil fuel primarily composed of methane, used as a cleaner energy source for power generation, industrial processes, and residential applications. Natural gas is a highly efficient fuel with a lower carbon footprint than coal or oil, making it a preferred option for countries aiming to reduce greenhouse gas emissions while meeting growing energy demands. Rising energy demands, urbanization, industrial growth, and a global trend toward cleaner fuels have all contributed to the market's notable expansion. As a transitional fuel, natural gas lowers carbon emissions and replaces coal in the production of power, especially in large energy-consuming countries like China and India. Infrastructure investments, such as distribution networks, pipelines, and LNG facilities, have enhanced natural gas commerce, accessibility, and dependability globally. The market is growing because of its growing use in industrial, residential, and culinary applications, which are aided by government subsidies and incentives. Similarly, the Australian natural gas market focuses on domestic production, LNG exports, and expanding infrastructure to meet both local and international energy needs efficiently, reinforcing the country’s role in the global natural gas landscape.
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Natural Gas Market Size & Statistics
- The Market Size for Natural Gas Was Estimated to be worth USD 1110.35 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.31% between 2025 and 2035.
- The Global Natural Gas Market Size is anticipated to reach USD 2412.88 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Natural Gas Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Natural Gas Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Natural Gas market. Asia Pacific is expected to grow the fastest due to rapid industrialization, urbanization, and population growth, increasing electricity demand, expansion of LNG infrastructure, government support for cleaner fuels, and the region’s shift from coal to natural gas for power generation.
North America is expected to generate the highest demand during the forecast period in the Natural Gas market. North America is expected to generate the highest demand due to well-established natural gas infrastructure, abundant shale gas reserves, high residential and industrial consumption, extensive use in power generation, and strong government policies promoting cleaner energy adoption.
Top 10 Trends in the Natural Gas Market
- Resurgence of LNG expansion
- Geopolitical volatility and regional market fragmentation
- Natural gas as a flexible "bridge fuel"
- Integration with renewables
- Increased investment in decarbonization technologies
- Accelerated growth of low-emissions gases
- Demand shifts toward Asia and emerging economies
- Technological advancements and automation
- Increased market volatility
- Pressure from climate goals
1. Resurgence of LNG expansion
The expansion of LNG infrastructure, such as storage facilities, pipelines, and liquefaction plants, promotes energy security, facilitates international natural gas commerce, and enhances supply access in areas with high demand. It also opens up new markets for cross-border gas imports and exports.
2. Geopolitical volatility and regional market fragmentation
Supply chains are disrupted, prices fluctuate, and regional markets become fragmented due to political tensions, conflicts, sanctions, and trade restrictions in gas-producing regions. These factors also have an impact on global demand patterns, investment strategies, and energy security policies.
3. Natural gas as a flexible “bridge fuel”
In the production of electricity, natural gas takes the place of coal and oil as a transitional energy source. Because of its smaller carbon footprint, countries may cut greenhouse gas emissions while still having a steady supply of electricity as they transition to renewables.
4. Integration with renewables
Natural gas balances the grid, ensures a steady supply of electricity, and helps low-carbon energy solutions be adopted more widely throughout the world by providing reliable backup power for intermittent renewable sources like solar and wind.
5. Increased investment in decarbonization technologies
By lowering emissions from the use of natural gas, investments in carbon capture, storage, hydrogen blending, and other decarbonization techniques promote environmental goals, legal compliance, and the worldwide shift to cleaner and more sustainable energy systems.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the natural gas market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Natural Gas Market
- ExxonMobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc
- TotalEnergies SE
- Equinor ASA
- PetroChina Company Limited
- QatarEnergy
- Eni S.p.A.
- ConocoPhillips
- ONGC – Oil and Natural Gas Corporation
- Woodside Energy Group Ltd
- Petronas – Petroliam Nasional Berhad
- Repsol S.A.
- Canadian Natural Resources Limited
- Santos Ltd
- PT Pertamina
- Novatek PJSC
- Inpex Corporation
- Ecopetrol S.A.
- Sinopec Limited
- Reliance Industries Limited
- Marathon Petroleum Corporation
- Valero Energy Corporation
- Hess Corporation
1. ExxonMobil Corporation
Headquarters: Irving, Texas, USA
ExxonMobil Corporation, headquartered in Irving, Texas, USA, operates in over 60 countries worldwide. It is one of the largest integrated oil and gas companies, actively engaged in natural gas exploration, production, liquefied natural gas (LNG) trading, and distribution. The company supplies natural gas to power generation facilities, industrial plants, and residential consumers, ensuring reliable energy delivery across multiple regions. With advanced technologies and extensive operational expertise, ExxonMobil plays a key role in meeting growing global energy demand. Its contributions to infrastructure, supply chain efficiency, and energy security reinforce its position as a leading player in the natural gas market.
2. Royal Dutch Shell plc
Headquarters: The Hague, Netherlands
Royal Dutch Shell plc, based in The Hague, Netherlands, has operations in over 70 countries across the world. It is a prominent global energy firm that specializes in natural gas exploration, production, liquefaction, and trading. Shell provides natural gas to the power production, industrial, and residential sectors, therefore addressing global energy demand and security. The firm also invests in cleaner fuels and energy transition technologies, which improve efficiency and reduce environmental impact. Shell's vast worldwide presence and technological skills contribute significantly to the delivery of dependable energy and the expansion of natural gas infrastructure, allowing it to maintain a strong position in the global market.
3. CHEVRON CORPORATION
Headquarters: San Ramon, California, USA
Chevron Corporation, based in San Ramon, California, operates in more than 180 countries. It is a large integrated energy firm that specializes in natural gas exploration, production, liquefaction, and distribution. Chevron provides gas to electrical generators, industrial operations, and residential customers worldwide, guaranteeing consistent and efficient energy supply. The firm uses modern technology and operational experience to ensure supply security while also assisting energy transition programs. Chevron's massive infrastructure, global operations, and investment in LNG projects solidify its position as a major participant in the international natural gas market.
4. BP plc
Headquarters: London, United Kingdom
BP plc is based in London, United Kingdom, and operates in over 70 countries throughout the world. It is a prominent integrated energy firm that specializes in natural gas exploration, production, liquefied natural gas (LNG) operations, and distribution. BP provides gas to the industrial, power production, and residential sectors, guaranteeing a dependable energy supply. The firm is aggressively investing in low-carbon technology and better energy solutions to help with the global energy transition. With modern operations, worldwide access, and competence in infrastructure and trade, BP remains a significant player in the natural gas market.
5. TotalEnergies SE
Headquarters: Courbevoie, France
TotalEnergies SE, based in Courbevoie, France, operates in over 130 countries worldwide. It is an integrated energy firm that specializes in natural gas exploration, production, LNG operations, and distribution. TotalEnergies provides gas for residential, industrial, and power production purposes, therefore ensuring energy security and fulfilling rising worldwide demand. In addition, the corporation invests in renewable energy and decarbonization technology to lower emissions and promote sustainability. TotalEnergies' technological knowledge, worldwide presence, and diverse energy portfolio help to develop natural gas infrastructure and ensure a stable supply in international markets.
Are you ready to discover more about the natural gas market?
The report provides an in-depth analysis of the leading companies operating in the global natural gas market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ExxonMobil Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Royal Dutch Shell plc
- CHEVRON CORPORATION
- BP plc
- TotalEnergies SE
- Equinor ASA
- PetroChina Company Limited
- QatarEnergy
- Eni S.p.A.
- Others.
Conclusion
The Global Natural Gas Market Size is witnessing strong growth driven by rising energy demand, urbanization, industrial expansion, and the shift toward cleaner energy sources. Natural gas serves as a transitional fuel, replacing coal and oil in power generation while reducing carbon emissions. Investments in LNG infrastructure, pipelines, and distribution networks enhance supply reliability and accessibility across residential, industrial, and power sectors. Government policies, incentives, and decarbonization initiatives further support market expansion. Major players with advanced technologies and global operations ensure efficient production, trading, and distribution. Overall, natural gas remains a critical energy source, balancing sustainability, efficiency, and global energy security.
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