The popularity of natural gas is growing rapidly as a form of the energy source as it is helpful for the world in 2 aspects; first is that it minimizes the negative influence of the worldwide climatic changes, and secondly, this is the cheaper alternative source for fossil fuels which assists in high-level economic development. Natural gas is regarded as eco-friendly as it is emitting 50% less amount of carbon dioxide as compared to coal when it is burnt and therefore, this is termed as ‘clean fuel’.
This article is based on the list of 15 biggest natural gas companies in the world which is shared by Insider Monkey. The post shared some important details from the US Environmental protection Agency, as given below:
“According to the US Environmental Protection Agency, the primary source of greenhouse gas emissions from human activities in the United States is the burning of fossil fuels for electricity, heat, and transport. This is where the effective use of natural gas comes in. The use of natural gas instead of coal to produce electricity can dramatically reduce air pollution. On the other hand, natural gas is also a strong player for hydropower, offering a reliable source of electricity when there is inadequate rainfall.”
For listing the companies, following criteria is used by Insider Monkey:
“With that, we are providing you today the list of the biggest natural gas companies in the world ranked by revenue, market cap, and assets we sourced from Forbes. These values will give us the most accurate ranking in determining the biggest natural gas key players in the world.”
Let start with the list of companies starting from ConocoPhillips which is amongst the biggest gas producing companies in the USA which is also distributing natural gas worldwide. The company was established in 1917 and is operating in 29 different countries mainly from Asia, Australia, Europe, and North America. The company is engaged in the production, marketing, advancement, and transport of natural gas, bitumen, crude oil, liquefied natural gas, and other natural gas liquids at international levels. Another company on the list is Eni SPA which is an Italian company involved in the discovery and production of hydrocarbons, the marketing and supply of electricity, liquefied natural gas, and coal, the marketing, and processing of petroleum products, plastics, and other petrochemicals. The natural gas production of the company in 2019 was around 5.3 billion cubic feet. For learning about other natural gas companies, you can jump to 15 Biggest Natural Gas Companies In The World.