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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]
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.
However, BP credits Russia with only 32,900 km 3, [5] which would place it in second place, slightly behind Iran (33,100 to 33,800 km 3, depending on the source). Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling , estimates are updated frequently.
MOSCOW (Reuters) -Russia said on Monday the situation with European countries that buy its gas through a transit deal via Ukraine was very complicated and needs more attention, a day after talks ...
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.
Gazprom is majority state-owned, which means that the Russian state receives a sizeable sum of its profits. Russia relies on oil and gas business in part to fund its ongoing war in Ukraine; with ...
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 ...