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Country insight – Russia

Russia’s?gas production grew 5.4% (33 bcm) in 2018, the second largest volumetric?increase after the US. Russia remained the world’s largest exporter of oil and?gas combined

Fast facts

1?? ?Primary energy consumption increased by 3.8%, primarily driven by weather

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2? ??Russia remained the second largest gas, and the third largest oil producer, accounting for 17% and 12% of the global output, respectively

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3? ??Russian oil exports grew by 2% (to 9.2 Mb/d) and accounted for 13% of the global total; gas exports grew by 5.4% (to 248 bcm) accounting for 26% of the global total

+3.8% – Growth in Russia’s energy consumption
Growth in Russia’s energy consumption
5.2% – Share of global energy consumption
Share of global energy consumption
+5.4% – Growth in Russia’s gas production
Growth in Russia’s gas production
11% – Growth in Russia’s renewables
Growth in Russia’s renewables

At a glance

  • Energy consumption increased by 3.8%. The largest growth was in gas (+5.4%) and coal (+4.9%), which together accounted for 92% of incremental growth.
  • Renewables (solar and wind) were the fastest growing type of energy (+11%), but only represented 0.1% of incremental demand.
  • Other non-fossil fuels grew less significantly: hydro by 2.6% and nuclear by 0.7%.
  • Oil was the slowest growing fuel, with growth of just 0.5%.
  • Energy intensity (the amount of energy required per unit of GDP) increased by 1.9%? in 2018, versus a decline of 0.7% p.a. over the past 10 years.?
  • Energy consumption per capita increased by 3.8% in 2018, much faster than 0.3% p.a. in 2007-2017.
  • Russia’s net CO2 emissions from energy use grew by 4.2% in 2018.
  • Russia remains the third largest producer of oil and the second largest of natural gas. Oil production increased to 11.4 Mb/d (+1.6%) in 2018.
  • Production of natural gas grew by 33 bcm (+5.3%) to 669 bcm in 2018.?Coal production grew by 14 mtoe (+7%) to 220 mtoe in 2018.
  • Russia’s oil exports grew by 2% to 9.2 Mb/d in 2018.
  • Russia’s LNG exports grew by 62% to 25 bcm in 2018, contributing; while pipeline exports grew by only 1.5%. Russia’s gas imports declined by 12% to 25 bcm in 2018.?
  • Russia’s coal exports grew by 13% to 136 mtoe in 2018 (16% of the global total).
  • Russia’s total exports of fossil fuels accounted for 5.9% of global energy consumption outside of Russia in 2018.
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