- Update
-
- Format
- 4 files (PDF report, 3 Excel files)
- Pages
-
76 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Russia energy report
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After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).
Overview
Russia’s energy sector remains heavily reliant on hydrocarbons, with gas dominating both production and consumption. Recent policy shifts emphasise expanding renewables, hydrogen exports, and nuclear capacity, though fossil fuels retain strategic importance. Market reforms and sanctions have reshaped trade flows, redirecting exports toward Asia while accelerating domestic infrastructure development.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- Oil and gas revenues rebounded by 18% in 2024, after dropping by about a quarter in 2023. Russia aims to add 12 GW of renewables capacity and export between 2 and 7 Mt/year of hydrogen by 2035.
- Rushydro, Gazprom, Inter Rao, and Rosenergoatom together own around 60% of the total power capacity. Gazprom dominates gas production with around half of total output. Rosneft is the main oil producer, with more than a third of total production. Western energy companies left the country.
- Gas exports have dropped by 36% since 2021 due to EU restrictions. Russia lifted restrictions on oil production in 2025, after cutting it by 0.5 mb/d until the end of 2024.
- Final energy consumption has increased by 2%/year since 2022. Industry absorb almost half of this consumption.
- Power production should grow by 1.4%/year to 1 400 TWh in 2035.
- Fifteen nuclear reactors are currently under construction or development, of which two are expected in 2025 and the others by the early 2030s.
- LNG production is slated to grow by 11%/year by 2035 to 140 Mt.
Energy & Climate Policy Framework
The Ministry of Energy ("Minenergo") is responsible for developing and implementing the country's energy policy.
Energy Companies
Oil:
The two largest companies are Rosneft and Lukoil. In October 2025, the US government imposed sanctions to Rosneft and Lukoil starting November 21. These sanctions freeze all Rosneft and Lukoil assets in the United States and prohibit US companies from doing business with them.
Energy Supply & Demand
Oil:
Crude oil production fell by 2.6% in 2024 to 524 Mt, after a 1.5% decrease in 2023; it increased by 2%/year over 2020-2022. Prior to that, it had increased by 1.3%/year between 2014 and 2019 and dropped by around 8% in 2020. Russia is the world's second largest crude oil producer, after the USA and slightly ahead of Saudi Arabia.
Energy Use and Price by Sector
Energy Prices in Transport:
Diesel and gasoline prices follow international prices; they remained stable at US$0.70/l and US$0.65/l in 2024 (after a 12% and 15% decrease in 2023, respectively). They had experienced a significant increase in 2022.
Graph: Energy Prices in Transport (Taxes Included)
Issues & Prospects
Gas:
According to the Russian Federation energy strategy until 2050, gas production is projected to grow to 1 107 bcm by 2050 (+2.7%/year on average over 2023-2050), with the following intermediate steps: 853 bcm in 2030 (+7%/year) and 965 bcm in 2036 (2%/year). Exports are expected to grow to 293 bcm in 2030 (11%/year) and 438 bcm in 2050 (2%/year over 2030-50).
- Graph 1: Final Intensity to GDP
- Graph 2: Primary Consumption Trends by Energy Source
- Graph 3: Total Consumption Market Share by Energy (2024)
- Graph 4: Installed Electric Capacity by Source
- Graph 5: Installed Electric Capacity by Source (2024)
- Graph 6: Gross Power Production by Source & Consumption
- Graph 7: Power Generation by Source (2024)
- Graph 8: CO2 Intensity of Electricity Generation
- Graph 9: Crude Oil Production & Consumption
- Graph 10: Petroleum Products Production & Consumption
- Graph 11: Gas Production & Consumption
- Graph 12: Coal Production & Consumption
- Graph 13: Emissions of GHG and CO₂ from Fuel Combustion
- Graph 14: CO₂-Emissions per Capita
- Graph 15: CO2 Intensity to GDP
- Graph 16: Final Demand Trends by Energy Source
- Graph 17: Final Consumption by Sector
- Graph 18: Final Consumption Market Share by Sector (2024)
- Graph 19: Share of Electricity in Total Final Energy Consumption
- Graph 20: Final Consumption in Industry by Energy Source
- Graph 21: Energy Prices in Industry (Taxes Included)
- Graph 22: Final Consumption in Transport by Energy Source
- Graph 23: Energy Prices in Transport (Taxes Included)
- Graph 24: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 25: Energy Prices in Residential (Taxes Included)
- Graph 26: Upcoming New Capacity by Energy Source
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Russia energy market data since 1990 and up to
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:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Russia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Russia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Russia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
- Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
- Power: Electricity generation & capacities, by technology.
- CO2: Total CO2 emissions.
- Macro-economy: Main macro-economic assumptions.
- Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.