2nd
largest gas producer worldwide
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This analysis includes a comprehensive Russia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2nd
largest gas producer worldwide
23%
of proven world gas reserves
37%
share of carbon free sources in power mix
Abstract
Institutions & Energy Policy
The Ministry of Energy is responsible for developing and implementing the country's energy policy.
Energy Companies
Oil:
Rosneft (Federal Government 40.4%, BP 19.5%, QH Oil Investment 18.93%) is the largest oil company, accounting for around 41% of total oil production (2019). In 2018, QH Oil Investment completed the acquisition of an 18.93% stake in Rosneft for US$4.25bn. In 2017, Rosneft acquired a 49% stake in Essar Oil's (India) for approximately US$13bn.
Energy Supply
Resources:
Russia owns large energy resources. Natural gas reserves are estimated at 49 203 bcm (end of 2019), i.e. 23% of proven world reserves. Oil reserves (14.5 Gt as of 2019) represent about 6% of world reserves.
Energy Prices
Gas:
The price of gas is controlled by the State and determined according to the cost-plus pricing method. Certain cross-subsidies occur, in particular between industry and the residential sector.
Energy Consumption
Total per capita consumption reached 5.3 toe in 2019. Per capita electricity consumption was around 6 400 kWh.
Total energy consumption has been increasing rapidly since 2015, by 2.6%/year, to 768 Mtoe in 2019. Previously, it had decreased slightly between 2012 and 2015 (-1%/year) due to an economic slowdown and a recession in 2015.
Issues & Prospects
Russia's strategy is evolving further in the direction of Asia and in particular China and India, in a context of EU sanctions linked to the Ukraine crisis.
Below is a list of the Russia energy market report graphs:
In the Russia energy market report you will find the following tables:
The Russia energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Russia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Russia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Russia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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