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.
The Kremlin has confirmed that it will announce when the moratorium on strikes against each other’s energy infrastructure between Russia and Ukraine, brokered by the United States, will come to an end.
Drone strikes overnight in Russia’s Kursk region left one dead and nine injured, local officials said Tuesday. The border area, frequently hit amid the ongoing conflict with Ukraine, saw widespread damage to residential buildings and emergency services.
Russian Foreign Minister Sergei Lavrov said reaching a peace agreement with the United States over the war in Ukraine remains difficult, as Moscow stands firm on its demands and vows never to return to economic dependence on the West.
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.
A series of overnight Russian strikes across southeastern Ukraine ignited fires, injured civilians, and damaged homes, marking another escalation in the conflict just a day after the year’s deadliest missile attack in Sumy.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
Greece has submitted its long-awaited maritime spatial plan to the European Union, outlining how it will organize various maritime activities such as fishing, tourism, offshore energy, and more.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
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A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector.
A freight train loaded with steel products, air conditioners, and other goods departed Wujiashan Station in Wuhan, marking the official launch of a regular freight service connecting central China with Central Asia.
Crude oil prices inched higher on global exchanges, reflecting cautious optimism amid ongoing market fluctuations.
Industrial production in the eurozone rose by 1.1% month-on-month in February, outperforming expectations, according to data released by Eurostat on Tuesday. Analysts had forecasted a modest 0.1% increase.
Tehran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) that will be held from May 8 to 11 is set to become the largest energy trade event in West Asia, - said Iran’s Deputy Oil Minister for International Affairs and Trade.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
Greece has submitted its long-awaited maritime spatial plan to the European Union, outlining how it will organize various maritime activities such as fishing, tourism, offshore energy, and more.
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