According to the BP Statistical Report, Iran has risen to the first place with its 33.8 trillion cubic meters of the blue fuel, 18 per cent more than Russia and Qatar.
Iran produced 10 million tones of liquefied natural gas in 2013 and plans to produce up to 75 million tones in 2015, said the report.
The company downgraded Russia’s reserves estimate to 32.9 trillion cubic meters from 44.6 trillion cubic meters in its earlier report, putting global proven gas reserves at 187.3 trillion cubic meters as of the end of 2012.