Carbon nanotube (CNT) is a prominent material for gas separation due to its inherent smoothness of walls, allowing rapid transport of gases compared to other inorganic fillers. It also possesses high mechanical strength, enabling membranes to operate at high pressure. Although it has superior properties compared to other inorganic fillers, preparation of CNTs into a polymer matrix remains challenging due to the strong van der Waals forces of CNTs, which lead to agglomeration of CNTs. To utilize the full potential of CNTs, proper dispersion of CNTs must be addressed. In this paper, methods to improve the dispersion of CNTs using functionalization methods were discussed. Fabrication techniques for CNT mixed-matrix membrane (MMM) nanocomposites and their impact on gas separation performance were compared. This paper also reviewed the applications and potential of CNT MMMs in gas separation.