Despite the sanctions against its gas producing assets, Russia’s LNG production totalled 22.4 mill tonnes between January and August this year, a rise of 7.3%, compared with the same period in 2023.
Russia’s natural gas production rose by 10.7% in the period year-on-year to 377 bill cu m, the Russian Federal State Statistics Service (ROSSTAT) reported, according to TASS.
In particular, August gas production amounted to 43 bill cu m, which was 6.1% higher than in the previous month, and 12% higher than August, 2023.
August’s LNG production totalled 2.8 mill tonnes, which was 30.3% higher than in August, 2023, and 27.4% higher than in July, 2024.
Associated petroleum gas production added 2.9% in the period to 71.1 bill cu m, ROSSTAT said.
That brought Russia’s aggregate gas production (natural and associate petroleum) to 448.1 bill cu m in January/August 2024, a rise of 9%.
Russia’s Energy Ministry had said earlier that the country’s gas production was preliminarily estimated at around 667 bill cu m for this year. In 2023, Russia’s gas output went down by 5.5%, compared with 2022, to 636.9 bill cu m.
According to the Ministry’s base-case outlook, Russia’s gas production will increase to 666.7 bill cu m in 2024, rising to 695.4 bill cu m in 2025, going up to 707.5 bill cu m in 2026.
The International Energy Agency (IEA) predicts Russia’s gas production to rise by 6% in 2024 to 675 bill cu m, TASS reported.
