Russia Reduced Gas Production Over 10 Months by 9.6%
It amounted to 430 billion cubic meters. m, follows from Rosstat data
Russia in January – October 2023 reduced natural gas production by 9.6% compared to the same period of the previous year, to 430 billion cubic meters. m. This follows from Rosstat data.
In particular, gas production in October amounted to 49.2 billion cubic meters. m, which is 7.4% higher than in October 2022 and 23.8% more than in September 2023.
Production of liquefied natural gas (LNG) in January – October 2023 amounted to 26.6 million tons, which is 4% less than for the same period in 2022. In October, LNG production amounted to 3 million tons, which is 1.1% less than in October 2022 and 10.7% higher than in September 2023.
Associated petroleum gas production in January – October increased by 5.3%, to 88.1 billion cubic meters. m.
Thus, total gas production in Russia (natural and associated petroleum) over the 10 months of 2023 decreased by approximately 7% – to 518.1 billion cubic meters. m.
Gas production forecasts in the Russian Federation
According to the Ministry of Energy, Russia in 2022 reduced gas production by 11.7% – to 673.8 billion cubic meters. m, exports – by 30.7%, to 170.6 billion cubic meters. m. At the same time, the Ministry of Energy expects a further decline in production in the country in 2023 due to the refusal of Russian gas by European consumers and the inability to immediately redirect flows.
Gas production in Russia in 2023 will decrease by 5%, to 642 billion cubic meters. m, follows from the forecast of socio-economic development of Russia for 2024 and for the planning period of 2025 and 2026, prepared by the Ministry of Economic Development. 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.
The International Energy Agency (IEA) predicted a decrease in gas production in Russia this year to a minimum since 2009 – to 620 billion cubic meters. m.
