Gas in Russia

Gas Production516Mtoe per year

Amount in place137thousand Mtoe

Gas Recoverable Reserves29thousand Mtoe

Over the years, Russia has firmly established themselves as one of the largest and most important natural gas players in the world. They are the only country globally that falls within the top two countries in natural gas proved reserves, natural gas production, and natural gas consumption. Although they are a significant yearly producer of natural gas, their massive amount of proved reserves will allow them to continue production at the same level for decades if they desire.

Russia’s natural gas operations are significantly dominated by Gazprom. Gazprom is one of the world’s predominant natural gas companies and Russia owns a majority share of the company. According to the company, they are responsible for 72% of Russia’s total natural gas reserves and 17% of global natural gas reserves. Additionally, they are responsible for 72% of Russia’s natural gas output and 12% of global natural gas output. These significant figures illustrate how important Gazprom is in both Russia specifically and the world in regards to natural gas.

In addition to consuming a significant amount of natural gas, Russia is also a major global supplier of natural gas through export. Russia has effectively established the ability to export natural gas through both pipeline and LNG. In 2014, Russia exported 187.4 bcm of natural gas via pipeline. A majority of this pipeline natural gas, 147.7 bcm, was exported to Europe (not including Former Soviet Union). Additionally, 14.5 bcm of natural gas was exported via LNG to the Asia Pacific in 2014, of which 11.5 bcm went to Japan. Therefore, due to the combination of their pipeline natural gas and LNG exports, Russia is the world’s largest natural gas exporter and a crucial natural gas supplier to both Europe and Asia.

Furthermore, Russia has the potential to be a major supplier of natural gas to China in the future. The Power of Siberia pipeline, an extensive pipeline that runs from Russia to China, is currently under construction and will provide Russia with the ability to supply China with 38 bcm of pipeline natural gas yearly when it is fully operational.

Note

Gas data represents natural gas only, for unconventional gas please refer country notes within the WER 2013 report gas chapter.