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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 ...
Gas prices in Europe rose nearly 20% this week, CNBC reported, as Russian natural gas flows dropped to less than 20% of their usual capacity in Germany’s Nord Stream 1 pipeline.
Russian gas has been replaced by liquefied natural gas (LNG) imports: the United States has increased its slice of the EU gas market to 56.2 bcm in 2023 from 18.9 bcm in 2021 while Norway grew its ...
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).
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 ...
Major natural gas pipelines from Russia to Europe Sources of European natural gas, 2010–2017. Russia (dark brown) was the source of 35% of total EU natural gas consumption in 2017. Europe consumed 512 billion cubic metres (18.1 trillion cubic feet) [a] of natural gas in 2020, of which 36% (that is, 185 billion cubic metres or 6.5 trillion ...
Russian gas is no longer flowing to EU states through Ukraine following the expiration of a five-year deal, closing an energy route that has existed since the end of the Soviet Union in 1991.