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Russia’s Gas Production More Moderate In Nov: Rosstat

NATURAL GAS

Gas production in Russia was more moderate in November, but was level compared to the end of October, according to Interfax.

  • Gas production rose 3.6% to 58.3 bcm in November 2023, compared to 56.3 bcm in November 2022.
  • The temperature was on average 2 degrees above the seasonal average in November 2023, which is not favorable to higher gas production, Interfax said.
  • Russia produced 576.1 bcm from Jan-Nov, of which, 479 bcm was natural gas, down 8.5% year-on-year.
  • Russia is expected to produce 642 bcm of gas in 2023. It produced 763 bcm in 2021 and 676 bcm in 2022.

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