Russian natural gas industry - statistics & facts

Russia is the second-largest natural gas producer worldwide after the United States. Approximately one quarter of global fossil fuel reserves are located in Russia, mainly in West Siberia and the Volga-Ural oil and gas province. Furthermore, the country ranks first among gas exporters, primarily via pipelines. The national sector developed rapidly after the 1950s, when large gas fields were discovered in the Soviet Union, which opened opportunities for export trade. In 1989, the USSR Ministry of Gas Production was transformed into the state enterprise Gazprom, now a public joint stock company. Gazprom is the leader in gas production output worldwide, holding the monopoly on the Russian gas export market.

Where does Russia export natural gas?

To Europe and Turkey, Russia transits natural gas mainly via the pipelines Nord Stream, Yamal-Europe, Blue Stream, and TurkStream. The construction of Nord Stream 2 faced difficulties due to sanctions by the U.S. which saw it as an attempt by Russia to increase its political influence on European countries and a threat to European energy security. In recent years, Gazprom's interest in exports to Asia-Pacific has increased, and the Power of Siberia, Russia's first cross-border gas pipeline to China, started to operate in 2019. A new project Power of Siberia 2, or the Altai gas pipeline, is planned in the region.

Outlook for Russian gas exports in 2020

The demand for Russian gas decreased during the coronavirus (COVID-19) pandemic and economic lockdowns around the world, followed by a decrease in mobility, industrial activity, consumer income, and investment by businesses. The global primary energy demand for gas was forecast to decline by five percent in 2020. Stock markets crashed starting February 2020 as a result of the pandemic, as well as the oil price conflict between Russia and Saudi Arabia within the OPEC+ deal. Shares of Gazprom fell by 17 percent on March 9. The company's gas exports were expected to decrease by 16 percent to 166.6 billion cubic meters in 2020. Furthermore, for non-CIS countries, it estimated a reduction in the average price by 37 percent.

What are the prospects for LNG in Russia?

To diversify their gas supply sources, European countries increased their imports of liquefied natural gas, or natural gas cooled to a liquid form for the ease and safety of shipping and transportation. That presented a risk of lower demand for Russian pipeline gas, leading to Russia's plans to expand its LNG industry. Russian LNG exports more than doubled from 2017 to 2019, ranking fourth worldwide after Qatar, Australia, and the United States. Novatek's Yamal LNG and Gazprom's Sakhalin-II are Russia's largest LNG projects up to date, and more projects are planned, including Arctic LNG 2 or Baltic LNG.

Key figures

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Gas exports

Nord Stream 2

Interesting statistics

In the following 6 chapters, you will quickly find the 32 most important statistics relating to "Russian natural gas industry".

Russian natural gas industry

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Russian natural gas industry - statistics & facts

Russia is the second-largest natural gas producer worldwide after the United States. Approximately one quarter of global fossil fuel reserves are located in Russia, mainly in West Siberia and the Volga-Ural oil and gas province. Furthermore, the country ranks first among gas exporters, primarily via pipelines. The national sector developed rapidly after the 1950s, when large gas fields were discovered in the Soviet Union, which opened opportunities for export trade. In 1989, the USSR Ministry of Gas Production was transformed into the state enterprise Gazprom, now a public joint stock company. Gazprom is the leader in gas production output worldwide, holding the monopoly on the Russian gas export market.

Where does Russia export natural gas?

To Europe and Turkey, Russia transits natural gas mainly via the pipelines Nord Stream, Yamal-Europe, Blue Stream, and TurkStream. The construction of Nord Stream 2 faced difficulties due to sanctions by the U.S. which saw it as an attempt by Russia to increase its political influence on European countries and a threat to European energy security. In recent years, Gazprom's interest in exports to Asia-Pacific has increased, and the Power of Siberia, Russia's first cross-border gas pipeline to China, started to operate in 2019. A new project Power of Siberia 2, or the Altai gas pipeline, is planned in the region.

Outlook for Russian gas exports in 2020

The demand for Russian gas decreased during the coronavirus (COVID-19) pandemic and economic lockdowns around the world, followed by a decrease in mobility, industrial activity, consumer income, and investment by businesses. The global primary energy demand for gas was forecast to decline by five percent in 2020. Stock markets crashed starting February 2020 as a result of the pandemic, as well as the oil price conflict between Russia and Saudi Arabia within the OPEC+ deal. Shares of Gazprom fell by 17 percent on March 9. The company's gas exports were expected to decrease by 16 percent to 166.6 billion cubic meters in 2020. Furthermore, for non-CIS countries, it estimated a reduction in the average price by 37 percent.

What are the prospects for LNG in Russia?

To diversify their gas supply sources, European countries increased their imports of liquefied natural gas, or natural gas cooled to a liquid form for the ease and safety of shipping and transportation. That presented a risk of lower demand for Russian pipeline gas, leading to Russia's plans to expand its LNG industry. Russian LNG exports more than doubled from 2017 to 2019, ranking fourth worldwide after Qatar, Australia, and the United States. Novatek's Yamal LNG and Gazprom's Sakhalin-II are Russia's largest LNG projects up to date, and more projects are planned, including Arctic LNG 2 or Baltic LNG.

Interesting statistics

In the following 6 chapters, you will quickly find the 32 most important statistics relating to "Russian natural gas industry".

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