Russia natural gas production 2023

Russia produced over 586 billion cubic meters of natural gas in 2023, having decreased the volume by approximately five percent compared to the previous year. It ranked as the second-largest producer of this fossil fuel worldwide.

How has COVID-19 affected the Russian natural gas production?

The global coronavirus (COVID-19) pandemic led to a decline in the U.S. natural gas prices and a higher demand for liquified natural gas (LNG), which meant increased competition for Russian energy producers. Furthermore, European countries were forecast to see a decrease in natural gas demand due to the lockdown. Russia's major company in the industry, Gazprom decreased its export volume to non-CIS countries in Europe to 175 billion cubic meters in 2020.

How much natural gas does Russia export?

Russia exported around 125 billion cubic meters of natural gas via pipelines in 2022. The export volume of liquefied natural gas (LNG) in the country reached 40 billion cubic meters in the same year. The major export destination of the Russian natural gas was China, which was followed by Turkey and Germany.

Natural gas production in Russia from 2000 to 2023 (in billion cubic meters)

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Release date

June 2024

More information

Region

Russia

Survey time period

2000 to 2023

Supplementary notes

The source specified the following information: "The data represents standard cubic metres (measured at 15°C and 1013 mbar). As they are derived directly from measures of energy content using an average conversion factor and have been standardised using a Gross Calorific Value (GCV) of 40 MJ/m3, they do not necessarily equate with gas volumes expressed in specific national terms."

This report was previously published by BP.

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