Dutch TTF futures, the European benchmark for natural gas, recently soared 28% after Russia announced an indefinite shutoff of the key Nord Stream 1 pipeline, up to 268 euros per megawatt hour. After the onset of the Russian war on Ukraine, the gas shipment to Europe fell significantly. Dependence on Russian gas in Europe 2021, by . 4.5.2 Global Compressed Natural Gas Tank Market Share by Company . Get full access to all features within our Corporate Solutions. Former German Chancellor Angela Merkel has defended decisions made during her time in power to buy natural gas from Russia, which was Germany's main gas supplier when she left power. In, Eurostat. natural gas, and precious metals such gold and aluminum, they account for a significant share of Russia's exports. Consequently, the share of Russian gas supplies increased from 25% of the regions total gas demand in 2009 to 32% in 2021. Extra-EU natural gas import share from Russia 2010-2022. Russia's continued curtailment of natural gas flows to . text or image may be used for any purpose. Russia's state-run natural gas producer Gazprom saw exports fall 11.5% in October from the prior month, largely because European Union gas storage facilities are nearing full capacity amid mild . Please do not hesitate to contact me. Due to varying update cycles, statistics can display more up-to-date The EU is considering a price cap on Russia's natural gas exports in order to reduce both its energy bill and Russia's ability to wage war on Ukraine . As of 2013, Russia is the world's second-largest producer of natural gas, producing an estimated more than 669 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 196 bcm a year. 3 min read. Russia's invasion of Ukraine has further darkened the global growth outlook, with the European economy facing a serious setback given trade, investment, and financial links with the warring countries. The strong increase in European gas prices supported Asian LNG spot prices which soared by 30% to USD 37/MMBtu. Sari, the Turkish academic, thinks that Moscow aims to use . All important statistics are prepared by our experts available for direct download as PPT & PDF! US steel sentiment remains bearish as uncertainty looms over the demand outlook: survey, Commodity Prices and Essential Market Data, Training Course: Global LPG Pricing on the Eve of the Energy Transition, Energy | Electric Power | LNG | Natural Gas. MOSCOW Igor A. Samarsky of the southern Russian city of Krasnodar gets fuel economy on his . Fossil gas export revenue to the EU since the war in Ukraine, Operational gas export pipeline with the largest capacity, Russia Tightens Squeeze on Gas Flow to Europe. This is not the reality for Russia. As highlighted by the International Energy Agency in September 2021, Russia has been reducing its piped gas supplies to the EU market, while it did not fill its storage sites in the EU to adequate levels. Russia consumes 16,510,143 million cubic feet (MMcf) of natural gas per year as of the year 2017.; Russia ranks 2nd in the world for natural gas consumption, accounting for about 12.5% of the world's total consumption of 132,290,211 MMcf. Register in seconds and access exclusive features. Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Russian supplies to global energy markets, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative, Promoting digital demand-driven electricity networks. Resources. Exports of Natural Gas in Russia increased to 64290 USD Million in 2011 from 47739.30 USD Million in 2010. Global commodity markets have surged to multi-year highs, with oil prices topping $130 per barrel, while natural gas, aluminium and wheat have all hit fresh record highs since Russia's invasion of Ukraine and the subsequent sanctions that have been imposed on Russia as a result. James Hill for The New York Times. Russia is believed to be the fastest growing aluminum market in the world and the sixth largest export product in the country accounting for $6,638 million in exports. The decrease in lumber is directly linked to Russia placing bans of the export of unprocessed timber, wanting this industry to return to Russia . Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February . (AP Photo/Markus Schreiber, Pool, File) BERLIN (AP) Former German Chancellor Angela Merkel on Thursday defended her government's decisions to buy large . Industry-specific and extensively researched technical data (partially from exclusive partnerships). (Russia's state-run natural gas monopoly; world's biggest gas exploration and production . Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. The International Energy Agency expects the natural gas markets to remain tight into 2023 as Russia tightens supplies to Europe. Natural gas flows via Ukraine to Slovakia have not been impacted as of 24 February 2022, with nominations rising to 75 mcm/d for 25 February 2022. Russia Midstream Oil and Gas Industry Outlook to 2026 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Russia. Russia's market share in Europe is expected to remain above 30%, rising close to 40% by 2040, as domestic European gas production and supplies from Norway dwindle. Before skyrocketing gas prices encouraged Norwegian supply and LNG imports, Russia had been the largest single source of gas supply for Europe. When the breakup between Russia and the European Union began earlier this year, one of the reasons for the severity of the EU's response to Russia's invasion of Ukraine was the assumption that Russia could not afford for its gas exports to drop. The International Energy Agency (IEA) said in a statement two weeks ago that it believed "Russia could do more to increase gas availability to Europe and ensure storage is filled to adequate . 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Virtual Pipeline Systems Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 - COVID-19 Impact and Global Analysis The global automotive natural gas vehicle market demand was valued at 29,793.76 thousand units in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2028. Russia has a wide-reaching gas export pipeline network, both via transit routes through Belarus and Ukraine, and via pipelines sending gas directly into Europe. The petroleum industry in Russia is one of the largest in the world. 2.3 Light and Heavy-duty Natural Gas Vehicle Market Share by Company Type (Tier 1, Tier 2 . Spain, Russia and Rest of Europe Markets - Independent . LONDON Russia has opted against sending more natural gas supplies to Europe, curbing hopes that Moscow may ease its grip on the market shortly after President Vladimir Putin said the country . Strong supply and milder-than-expected temperatures in Northeast Asia helped to facilitate the redirection of cargoes towards Europe and limit the implications of strong European demand for LNG markets. In 2021, Russia sold around 33 billion cubic meters (bcm) of gas to Asia, compared to a European market that typically imports 160 to 200 bcm from Russia. Create a free IEA account to download our reports or subcribe to a paid service. Nord Stream). Nevertheless, Ukraine remains an important conduit for Russian gas to Europe (transiting about 8% of the EU and UK combined gas demand) and also relies heavily on imported gas for its own domestic use. Italy Natural Gas Distribution Market Report - Market Analysis, Size, Share.. Spain Natural Gas Distribution Market Report - Market Analysis, Size, Share.. Netherlands Natural Gas Distribution Market Report - Market Analysis, Size,.. Switzerland Natural Gas Distribution Market Report - Market Analysis, Size,.. Poland Natural Gas Distribution Market Report - Market Analysis, Size, Shar.. Gain a deeper understanding of the impact of Covid-19 on the . This share has increased in recent years, as European domestic natural gas . Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Compressed Natural Gas Tank estimated at US$ million in the year 2022, is projected to reach a revised size of US$ million by 2028, growing at a CAGR of % during the forecast period 2022-2028. . Directly accessible data for 170 industries from 50 countries Thank you for subscribing. This demonstrates the complementary role of underground gas storage and LNG regasification capacity in the security of natural gas supply. gap of as much as 30 billion cubic meters of natural gas during the . Directly accessible data for 170 industries from 50 countries Rosneft, a Russian partially state-owned upstream and midstream oil and gas company . Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years. Natural gas prices are expected to remain extremely volatile in the current context of market uncertainty. Abstract. Please use the button below and we will bring you back here when complete. Then you can access your favorite statistics via the star in the header. Pipeline deliveries from Russia declined by 25% year-on-year in Q4 2021. The United States supplied over half of the additional LNG imported by the EU and UK since the beginning of the heating season, accounting for 37% of total LNG supplies. Russia Natural Gas Distribution Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2027 Market Research Reports | Q1 2022 | Report ID: BR02453 For the reasons mentioned above, it is likely that the share of Russian . As a Premium user you get access to the detailed source references and background information about this statistic. What is your research methodology for the report? Natural gas is the primary fuel for electricity and heat production in Russia. Please do not hesitate to contact me. . In that same 2016, the US was producing 21,1%. whether this leads to a restoration of Russia's market share will depend on whether the Russians are willing to adapt a free market approach . The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids . Altogether, Russian gas flows via Ukraine averaged 55mcm/d during this period, well below the contractually available capacity of around 109mcm/d. By clicking "Submit" you are indicating that you have read and agree to be bound by the Blackridge Terms of Service and Privacy Policy. Statista assumes no In many respects the Russian gas industry resembles the gas industry of any other country: it is a collection of enterprises that perform inland and off-shore exploration, drilling, production, and processing of natural gas, gas condensate, and oil, as well as transportation, distribution, and marketing. And the market will continue to . Unseasonably mild weather conditions weighed on distribution-network related demand (declining by 14% year-on-year according to preliminary estimates), while strong wind output (up by 20% year-on-year) reduced gas burn in the power sector, despite the lower nuclear and hydro availability. Discover more about S&P Globals offerings. Natural gas costs about $2 a gallon less than gasoline in Russia. Clicking on the following button will update the content below. Corporate solution including all features. As of 2022, it is the fourth-largest economy in Europe, the world's ninth-largest economy by nominal GDP, and the sixth-largest by PPP.. Russia's vast geography is an important determinant of its economic activity . However, it was Russia's invasion of Ukraine followed by Gazprom reducing and then halting deliveries to Germany via Nord Stream that signaled a tipping point in Europe's gas supply. In 2021, Russian crude and condensate output reached 10.5 million barrels per day (bpd), making up 14% of the . Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Extra-EU natural gas import share from Russia 2010-2022. A paid subscription is required for full access. An embargo, if implemented, and this will be tricky to pull off, would have grave consequences for Russia's economy, but also for Europe. NGI's 2023 Map of North American Pipelines, LNG, & Market Points chevron_right; N.A. At the same time, supplies of motor gasoline decreased by 26.1%, and crude oil by 4.7%. A decade-long negotiation between Russia and China appears to have finally closed on May 21, during Russian President Vladimir Putin's visit to Shanghai. 3 3 /d). Resources. The moves aim to cut Russia's energy revenue, which . facts. The security value of gas storage should be more strongly recognised in this context. As the IEA previously stated, minimum storage obligations on commercial operators coupled with robust market-based capacity allocation mechanisms are vital tools that can ensure the optimal use of all available storage capacity. Natural gas consumption in cubic meters in Russia 2000-2021, Natural gas penetration rate in Russia 2011-2021, Revenue of fossil fuel exports to the EU in Russia 2022, by type, Natural gas export value from Russia 2000-2021, Natural gas export pipelines' capacity in Russia 2020, by pipeline, Key figures of TurkStream natural gas pipeline 2020, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Global natural gas reserves by country 2010-2020, Global natural gas production by country 2021, Global natural gas consumption by country 2021, Leading global oil and gas producers based on revenue 2022, Oil and gas sector as a share of GDP in Russia quarterly 2017-2022, Russia's natural gas production 2000-2021, Natural gas production in Russia 2020, by federal district, Russian gas production adjusted to the war in Ukraine 2020-2030, Russia: natural gas consumption 2010-2019, by sector, Gas domestic supply forecast in Russia 2019-2024, Power production breakdown in Russia 2021, by source, Consumer debt for gas in Russia 2021, by region, Natural gas production in Russia 2021, by company, Gazprom's natural gas revenue worldwide 2016-2021, Gazprom gas production in January-September 2021-2022, Gazprom far abroad gas export volume in January-September 2021-2022, Natural gas export volume in Russia 2010-2020, by type, Natural gas export volume in Russia 2021, by country, Natural gas export share from Russia 2021, by country, Share of Russian pipeline gas imports in the EU 2021-2022, by route, Extra-EU natural gas import share from Russia 2010-2022, Dependence on Russian gas in Europe 2021, by country, Liquefied natural gas export volume from Russia 2011-2021, Liquefied natural gas export value from Russia 2009-2021, LNG import volume from Russia 2021, by region, Natural gas export pipelines' length in Russia 2020, by pipeline, Key figures of Nord Stream natural gas pipeline 2020, Key figures of Nord Stream 2 natural gas pipeline 2020, Natural gas transported through Nord Stream pipeline 2013-2021, LNG liquefaction plants in Russia 2022, by capacity, Ranking of mini LNG plants in Russia 2020, by capacity. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Telephone number: 0203222111, 0719012111 For report purchases, we will provide post-purchase analyst support for any queries that you may have related to report up to one year. This highlights the importance of the US LNG export industry and of strong transatlantic ties to European energy security. Russia can occupy one fifth of the world market of liquefied natural gas by 2025, the project of the energy strategy of Russia until 2035 developed by the Ministry of Energy stated in March 2014. Russia is Europe's biggest supplier, but in itself a big consumer of gas. From 2015 to 2017, the oil and natural gas industry in Russia generated up to 40% of federal budget revenues, peaking in 2018 at more than 46% . This gives Russia new leverage to switch from one market to the other. As a consequence of low inventory levels at the beginning of the heating season, and the sharp decline of Russian piped flows to the EU, gas storage levels fell to 30% below their working storage capacity (and standing 28% below their 5-year average levels for this period of the year). The third risk is the possibility that Exxon could fail to grab Russia's oil and natural gas market share in Europe and abroad, as . Russia natural gas accounted for 45% of imports and almost 40% of European Union gas demand in 2021. The natural gas and oil sectors in Russia accounted for . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Profit from additional features with an Employee Account. Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, stopped operating one of the transit points, reduction of gas supply via Nord Stream 1, In case of a potential gas shutoff by Russia, Germany's GDP growth forecast, Czechia, Slovakia, and Hungary were projected to experience the most significant gas shortfall. Weather is set to turn colder in mid-to-late November boosting heating demand. Lower Russian pipeline flows have been compensated in part by higher liquefied natural gas (LNG) inflows, which increased by 63% year-on-year through October until year-to-date. Russian exports consist of more than 5 Mbbl/d (790,000 m 3 /d) of oil and . On his trends and developments to assess market size data and forecasts understand 2010 to 2nd quarter 2022. are expected to remain tight into 2023 as Russia supplies! 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