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Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.
bcm, compared to 7.7 bcm in 2024. bcm in 2022 to 28.3 bcm in 2023, then rose to 32 bcm in 2024. TurkStream is now Russia’s only gas route to Europe after Ukraine ended a transit deal on January 1, 2025. First-quarter 2025 exports via TurkStream were 4.5
between 2013 and 2023. Gas demand rose by 115 billion cubic meters (bcm), or by 2.7%, compared with an average increase of around 75 bcm annually over the past decade. The rise in power demand last year was nearly double the annual average over the past decade. As a result, the worlds overall energy demand increased by 2.2%
between 2013 and 2023. Gas demand rose by 115 billion cubic meters (bcm), or 2.7%, compared with an average of around 75 bcm annually over the past decade, IEAs report showed. The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2%
in 2024, or 115bn cubic metres (bcm), compared with an average of around 75 bcm annually over the past decade, with over three-quarters of growth coming from emerging market and developing economies. The supply of natural gas-fired generation also increased steadily in response to rising electricity demand.
The country’s gas exports are expected to increase from 146 bcm in 2023 to 293 bcm by 2030, and up to 438 bcm by 2050. Crude oil production is projected to rise slightly, from 531 million metric tons in 2023 to 540 million by 2050, with oil exports remaining steady at around 235 million tons per year.
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