Russian ministry lowers forecast for gas production and export by 2035

The Russian Energy Ministry, when making amendments to the draft General Scheme for the Development of the Gas Industry until 2035, has revised downward the forecasts for the volume of gas production and export by 2035, according to the latest edition of the General Scheme, Report informs referring to TASS.

Thus, according to new forecasts of the ministry, gas production by 2035 will differ from 838 billion cubic meters to 1.048 trillion cubic meters. In the previous version of the document, this figure was within 847 billion cubic meters - 1.055 trillion cubic meters. At the same time, the forecasts for the volume of gas production by 2025 practically didn’t change and in the latest version of the General Scheme project amounted to 775-883 billion cubic meters compared to 775-888 billion cubic meters in the previous edition.

The forecast for gas exports by 2025 also remained practically at the previous level of 299-356 billion cubic meters in the latest revision of the General Scheme project compared to 299-361 billion cubic meters in its previous version. However, export figures in 2030 and 2035 were reduced to 330-455 billion cubic meters and 330-472 billion cubic meters, respectively.