The Russian government has approved the country’s energy strategy through 2050. Oil production is expected to rise to 540 million tons, while gas production is projected to reach 1.107 trillion cubic meters by that year.
"At the President’s instruction, this key document for the country’s development has been updated," Prime Minister Mikhail Mishustin said during a meeting with his deputies.
Following the meeting, the Russian government announced that the strategy had been officially approved by Chairman of the Government Mikhail Mishustin.
"The fuel and energy complex is now the country's key export sector. Russia will continue to remain a world leader. Along with oil, gas and coal supplies, we will continue to increase exports of liquefied natural gas and nuclear technologies," Russian Deputy Prime Minister Alexander Novak said at a meeting.
Oil and gas production to be increased
As reported by TASS, oil production in Russia is expected to increase from 531 million tons in 2023 to 540 million tons by 2030, maintaining that level through 2050. Oil exports are projected to rise slightly—from 234 million tons in 2023 to 235 million tons in 2030—and will also remain stable at that level until 2050.
According to the strategy, the capacity of the export infrastructure for oil and petroleum products is expected to increase from 530 million tons in 2023 to 550 million tons by 2030.
Oil refining volumes in Russia may increase by around 3% compared to 2023, reaching approximately 283 million tons by 2050.
Exports of oil products are projected to decline by 3% in 2030 compared to 2023, falling to 127 million tons. By 2036, exports may decrease to 124 million tons, with a slight increase to 125 million tons by 2050.
Domestic consumption of oil products is expected to grow by more than 8% by 2030, rising from 144 million tons in 2023 to 156 million tons. This figure may reach 159 million tons in 2036 and slightly decline to 158 million tons by 2050.
Russia's gas production will reach 1.107 trillion cubic meters by 2050, pipeline gas exports to reach 197 billion cubic meters, and exports of liquefied natural gas (LNG) to reach 241 billion cubic meters, according to the Energy Strategy.
In particular, gas production is projected to grow from 637 billion cubic meters in 2023 to 853 billion cubic meters by 2030, reaching 965 billion cubic meters by 2036 and 1.107 trillion cubic meters by 2050.
Total gas exports are expected to increase significantly, rising from 146 billion cubic meters in 2023 (including 101 billion via pipeline and 45 billion as liquefied natural gas, or LNG) to 293 billion cubic meters by 2030 (151 billion via pipeline and 142 billion as LNG). By 2036, exports may reach 376 billion cubic meters (197 billion by pipeline and 179 billion as LNG), and by 2050, they are projected to grow to 438 billion cubic meters (197 billion by pipeline and 241 billion as LNG).
“The scenario assumes a twofold increase in export volumes compared to 2023, driven by the development of pipeline infrastructure and the implementation of planned liquefied natural gas projects. This will enable a full reorientation of exports to new markets,” the strategy states.
Key development priorities for the gas industry include mitigating the negative impact of the European Union’s refusal to cooperate and ensuring the cost-effective satisfaction of growing domestic demand.
The design capacity of export gas pipelines to the countries of the Far East and the Asia-Pacific region will increase from 30 billion cubic meters in 2023 to 98 billion cubic meters in 2030, 2036, and 2050, the document notes.
"The implementation plan for the energy strategy will be developed by the Energy Ministry and submitted to the government within six months," the government's statement reads.
"The strategy's initiatives are aimed at accelerating the development of oil and gas processing, expanding the regional gas supply network, and ensuring the domestic market is adequately supplied with petroleum products at affordable prices for all categories of consumers," the statement said.
This also includes plans to create conditions for redirecting oil and gas supplies to new markets in "friendly countries", increase oil transshipment capacity in Arctic and Far Eastern ports, using the potential of the Northern Sea Route, as well as to accelerate the connection of the Power of Siberia and Sakhalin-Khabarovsk-Vladivostok gas transportation systems with the unified gas supply system.
Senior Russian officials have condemned the United States’ recent military strikes on Iran, warning of a spiralling regional conflict and accusing U.S. President Donald Trump of igniting a "new war" that could backfire by strengthening Iran's leadership.
Ukrainian President Volodymyr Zelenskyy says Russia handed over 21 bodies in a recent exchange—20 of them were Russian soldiers, and one a foreign mercenary.
Uzbekistan’s Uzatom Agency and Russia’s Rosatom signed a Memorandum of Understanding to jointly develop radiation processing technologies for medical and agricultural sectors.
Seven Baltic and Nordic countries asked on Friday to ban Russian soldiers from entering the Schengen zone.
The Kremlin said on Friday it could not predict whether Russian President Vladimir Putin and U.S. President Donald Trump would meet in person this year, citing the increasingly unpredictable nature of global affairs.
The U.N. Security Council met on Sunday after U.S. strikes on Iranian nuclear sites, as Russia, China and Pakistan proposed a resolution urging an immediate Middle East ceasefire, raising tensions over the legality and fallout of Western military action.
The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Meta has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica.
The U.N. Security Council met on Sunday after U.S. strikes on Iranian nuclear sites, as Russia, China and Pakistan proposed a resolution urging an immediate Middle East ceasefire, raising tensions over the legality and fallout of Western military action.
The U.S. maintains a broad military presence across the Middle East, reflecting long-standing strategic interests and evolving regional dynamics.
The United States has called on China to use its influence to dissuade Iran from closing the Strait of Hormuz, warning that such a move would trigger severe global economic fallout and risk major escalation following U.S. strikes on Iranian nuclear sites.
NATO member states have reached a consensus on a landmark defence spending target of 5% of GDP by 2035, paving the way for a formal announcement at the alliance’s upcoming summit in The Hague.
Gulf states hosting major U.S. military bases were placed on high alert Sunday after American airstrikes destroyed Iran’s main nuclear sites, raising fears of regional retaliation and a broader conflict that could engulf key energy exporters and destabilise global security.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment