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The U.S. and Russia have been the predominant producers of natural gas. [1] Russian natural gas production (red) and exports (black), 1993–2011 [needs update]. In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year. [2]
Country Analysis: Russia's Oil and Natural Gas. "Major Russian Companies: Some Details" (1995–1996), Joint Project by Expert Magazine and Menatep Bank, undated. "Russia's oil renaissance", BBC, 24 June 2002. History of Oil in Russia, Sibneft, 2003. "The Oil and Gas Industry": 1999–2000 and 2000–2004, Kommersant, 23 October 2001 and 17 May ...
Russia natural gas in 2021 accounted for 45% of imports and almost 40% of European Union gas demand. [3] Share of Russia in EU and UK gas demand, 2001-21. In late 2019, Russia launched a major eastward gas export pipeline, the roughly 3,000 km-long Power of Siberia pipeline, in order to be able to send gas from far east fields directly to China.
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles. Even at the ...
In 2018, Germany imported 50% to 75% of its natural gas from Russia. [28] Before 2022, the main export markets of Russian natural gas were the European Union and the CIS. Russia supplied a quarter of the EU gas consumption, mainly via transit through Ukraine (Soyuz, Urengoy–Pomary–Uzhhorod pipeline) and Belarus (Yamal-Europe pipeline).
Rosneft is also among the largest natural gas producers in Russia, with a total gas production of 12.3 billion cubic metres (1.23 × 10 10 cubic metres) in 2010. Rosneft is engaged in exploration and production across all key oil and gas regions of Russia: Western Siberia , Southern and Central Russia , Timan-Pechora , Eastern Siberia , the Far ...
Before Russia launched its full-scale invasion of Ukraine in 2022, Russia was the European Union’s biggest supplier of natural gas. The bloc has whittled Russia’s share of its pipeline gas ...
The first plant, Sakhalin II, was completed in Russia in 2009 having utilised the skills of Shell plc, who under duress sold 50% of the project to Gazprom in 2006. Prior to 2017 Gazprom was the sole producer of Liquefied Natural Gas (LNG) in Russia.