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  • Gas Production in Russia in 2023 Decreased By 5.5%

    Production level amounted to 636.7 billion cubic meters.

    Russia in 2023 reduced gas production by 5.5%, to 636.7 billion cubic meters. m, and Russian pipeline gas exports amounted to 91.4 billion cubic meters. m, said Russian Deputy Prime Minister Alexander Novak in an article for the Energy Policy magazine. At the same time, LNG exports amounted to about 43.6 billion cubic meters. m.

    “The level of gas production at the end of the year amounted to 636.7 billion cubic meters, which is 5.5% lower than last year, while gas production at offshore fields at the end of 2023 increased by 10.9% (to 34.5 billion cubic meters m). Export of pipeline gas at the end of 2023 amounted to 91.4 billion cubic meters, and export of liquefied gas – about 43.6 billion cubic meters,” he said.

    The past year also continued the commissioning of new gas fields and infrastructure facilities. Thus, the first billion cubic meters of gas were produced from the Jurassic deposits of the South Tambey gas condensate field on the Yamal Peninsula, which is the base for the Yamal LNG plant.

    “As part of the development of the Sakhalin gas production center, comprehensive testing of the two final production wells of the Kirinskoye field was successfully completed in 2023,” Novak noted.

    Previously, from the forecast of socio-economic development of Russia for 2024 and for the planning period of 2025 and 2026 by the Ministry of Economic Development, it followed that gas production in Russia in 2023 will decrease by 5%, to 642 billion cubic meters. m. At the same time, according to the baseline forecast, gas production in 2024 will increase to 666.7 billion cubic meters. m, in 2025 – up to 695.4 billion cubic meters. m, in 2026 – up to 707.5 billion cubic meters.m.

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