NRG Expert the energy market research company has researched the CIS and Russian energy markets and reveals that ‘Russia has the largest reserves, and is the largest exporter, of natural gas.’ [1]
NRG Expert has published two key pieces of research on the natural gas market and Russia – the Global Energy Almanac and the Global Guide to Natural Gas Utilities Report. Their market research reveals that Russia is the largest exporter of natural gas with 23% of the world’s proven natural gas.[2] Russia has also been identified by the European Commission as one of the largest exporters of oil and natural gas to the European Union. For example in 2011, Eurostat reported that 27% of total oil imports into the European Union where imported from the Russian Federation[3]. While overall, 41% of total Crude Oil imports came from Former Soviet Union countries including Russia.[3] In addition, 25% of total gas imports came from the Russian Federation in 2011.
Research completed by NRG Expert also reveals that Gazprom, Russia’s largest energy company, now not only provides 80% of Russia’s natural gas but is also starting to dominate the European market [5]. Gazprom has a monopoly on Russia’s natural gas pipelines and an exclusive right to export natural gas.[4] This has enabled the Gazprom shares to be now worth a staggering $115 Billion [5]. Some go as far as to refer to Russia as an ‘Energy superpower’ due to the size of its oil and gas industry.[6]
To help companies and governments understand all the vital energy statistics for Russia and the CIS, NRG Expert has published the Global Energy Almanac. This is an interactive energy database which contains all the essential energy statistics for Russia and the CIS (as well as the rest of the globe). In particular, the database highlights all the vital energy data on Russian gas, electricity, water, petroleum and biofuels.
The report confirms the proven natural resources for Russian gas and the CIS. It also looks at Russia’s gross natural gas production, Russian gas production for consumption, flared gas, and gas imports & exports.
It then goes on to provide other key energy statistics on Russia and the CIS in terms of water, electricity, petroleum, biofuels and renewables.
NRG Expert has also published the Global Guide to Natural Gas Utilities Report. Both these market research products highlight important information about the Russian energy market.
Russian Energy Market
Here NRG Expert, highlight some key facts about the Russian energy market:
Russian Energy Strategy
In 2003 the new Russian energy strategy was confirmed by the government outlining the Russian energy strategy up to 2020. The Energy Strategy document sets out these priorities: energy efficiency, environmental sustainability, and technological development, plus energy effectiveness and competitiveness. [7]
Important Russian Gas and oil Companies:
According to Forbes the largest listed natural oil and Russian gas producers are Gazprom, Lukoil Holding, Surgutneftegas, Tatneft [8]
World Natural gas consumption
World natural gas consumption [9] has increased from 651 bcm (billion cubic metres) per year in 1965 to 3,169 bcm in 2010. This global growth in natural gas consumption provides opportunities for Russia.
Leading consumers of natural gas
The leading consumers of natural gas are Russia, United States, Iran, China, Japan, UK, Canada, Saudi Arabia, Germany and Italy. [9]
What’s in the Russian Energy Database?
Energy tables and energy capacity data on Russia are provided by NRG Expert for the following areas:
>> CIS and Russian Electricity Data:
>> CIS and Russian Gas Data:
>> CIS and Russian Water Data
>> CIS and Russian Petroleum Data & BioFuels Data
>> Generation Capacity of Renewable energy for Russia and CIS
NRG Expert is a London and Toronto based energy market research publisher. NRG Expert provides up to date energy statistics and analysis of worldwide energy markets, including electricity, natural gas, coal, nuclear, renewable energy, water and waste, and all elements of energy infrastructure. To find out more about NRG Expert and the Global Energy Almanac please visit https://www.nrgexpert.com/industry-intelligence/nrg-expert-almanac/.
Source: [1] . NRG Expert Global Energy Data Almanac https://www.nrgexpert.com/cis-and-russian-energy-data-and-statistics/
[2] NRG Expert’s Global Energy Almanac and the Global Guide to Natural Gas Utilities Report
[3] Eurostat
[4] Neil Buckley; Tobias Buck (2006-06-16). “Duma votes for Russian gas export monopoly”. Financial Times. Retrieved 2008-03-03.
[5] Fox News Feb 13 – foxnews.com/world/2013/01/14/glance-look-at-facts-and-figures-behind-russian-energy-giant-gazprom/.
[6] Wikipedia – en.wikipedia.org/wiki/Energy_superpower
[7] Wikipedia – en.wikipedia.org/wiki/Energy_policy_of_Russia
[8] Forbes Largest 2000 public companies of the world – economywatch.com/companies/forbes-list/russia.html#sthash.v2jJuFPO.dpuf
[9] NRG Expert’s Global Guide to Natural Gas Utilities 2012 – https://www.nrgexpert.com/energy-market-research/global-guide-to-natural-gas-utilities-report/
