Abstract The list of known and inferred submarine mud volcanoes is presented in this paper. They occur worldwide on shelves, continental and insular slopes and in the abyssal parts of inland seas. Submarine mud volcanoes are distributed on the Earth more extensively than their subaerial analogs. The estimated total number of known and inferred deep-water mud volcanoes is 103–105. There are two key reasons for the formation of submarine mud volcanoes—high sedimentation rate and lateral tectonic compression. Submarine mud volcanoes form by two basic mechanisms: (1) formation on the top of a seafloor-piercing shale diapir; (2) formation due to the rise of fluidized sediments along faults. Fluid migration is critical to the formation of a mud volcano. Gas hydrates are often associated with deep-water mud volcanoes and have many common features from one accumulation to another. Gas hydrates form by conventional low-temperature hydrothermal process around the central part of a mud volcano and by metasomatic processes at its periphery. A preliminary global estimate of methane accumulated in gas hydrates associated with mud volcanoes is about 1010–1012 m3 at standard temperature and pressure.