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Russia’s gas production falls by 5.5% to 636.7 bcm in 2023 — Novak

Over the past year, new gas fields and related facilities have also been commissioned, the Russian deputy prime minister pointed out

MOSCOW, January 25. /TASS/. Russia in 2023 reduced gas production by 5.5% to 636.7 bln cubic meters and Russian pipeline gas exports amounted to 91.4 billion cubic meters, Russian Deputy Prime Minister Alexander Novak said in an article for the Energy Policy magazine. At the same time, LNG exports amounted to about 43.6 bln cubic meters.

"The level of gas production at the end of the year reached 636.7 bln cubic meters, which is 5.5% lower than last year, while gas production at offshore fields at the end of 2023 increased by 10.9% (to 34.5 bln cubic meters). The export of pipeline gas at the end of 2023 amounted to 91.4 bln cubic meters, and the export of liquefied gas - to around 43.6 bln cubic meters," he said.

Over the past year, new gas fields and related facilities have also been commissioned. Thus, the first billion cubic meters of gas were generated from the Jurassic reserves of the Yozhno-Tambeyskoe gas condensate field on the Yamal Peninsula, which serves as the site of the Yamal LNG facility.

"As part of the development of the Sakhalin gas production center, comprehensive testing of the two final production wells of the Kirinskoye field was successfully completed in 2023," Novak told reporters.

Previously, the Ministry of Economic Development forecasted Russia's socioeconomic development for 2024 and the planning period of 2025 and 2026, resulting in a 5% decline in gas production in 2023 to 642 bln cubic meters. At the same time, the baseline prediction predicts that gas production would reach 666.7 bln cubic meters in 2024, 695.4 bln cubic meters in 2025, and 707.5 bln cubic meters in 2026.

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Alexander Novak

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