Gas production and export volumes from Russia in 2026 will be below expectations
Quick Look
- According to the Ministry of Economic Development, the volume of natural gas production in Russia in 2026 will be 683.1 billion cubic meters. m - 5.3 billion less than forecast, but higher than the level of 2025.
- LNG exports will rise to 35 million tons, 4.7 million more than in 2025, but 5.3 million below expectations.
- The forecasts will form the basis for budget adjustments until 2029.
AI-generated summary
Why It Matters
Forecasts were prepared by the Ministry of Economic Development to adjust the federal budget for the period until 2029.
This year, the volumes of production and export of natural gas from Russia will be less than previously expected. Reuters reports this with reference to a draft government document prepared by the Ministry of Economic Development.
The difference in production will be 5.3 billion cubic meters, but the result is still expected to be better than in 2025 - 683.1 billion versus 662.7 billion cubic meters.
Maritime exports of liquefied natural gas (LNG) will rise to 35 million tons in 2026, up 4.7 million from a year earlier but 5.3 million below expectations. The document also indicates that growth in LNG supplies will be slower. These forecasts will be used to adjust the federal budget for the period until 2029.
Open Questions
- What factors led to the reduction in gas production forecast?
- How will changing forecasts affect budget revenues from energy exports?
