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Russian Draft Plan Forecasts 40% Dip in Gas Exports

NATURAL GAS

Annual Russian pipeline gas exports are set to drop by almost 40% to 125.2 billion cubic meters in 2023-2025 according to the nation’s three-year draft plan.

  • Pipeline gas exports are estimated at 142 billion cubic meters this year.
  • Turkey may become the single largest client of Gazprom on the continent.
  • China could become the second-largest buyer of Russian pipeline gas next year. The deal between Gazprom and China National Petroleum Corporation envisions around 21 billion cubic meters in 2023, up from 15 billion to 16 billion targeted for this year.
  • The three-year budget draft projects Russian crude exports of 250 million tons of crude to be exported next year, up from 243 million tons seen delivered this year, with 255 million tons and 260 million tons to be shipped in 2024 and 2025 respectively.
  • Shipments of oil products are seen declining to 113 million tons in 2023, from a projected 130 million tons this year.
Energy BulletsCommodities
Energy BulletsCommodities

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