Russian gas output could grow by another 150 bcm to 850 bcm by 2035, according to The Oxford Institute for Energy Studies (OIES) research.
Despite the current ‘stagnant’ economic picture, the economic support from oil and gas means the outlook is ‘not disastrous’.
The OIES forecasts increased growth if the country’s pivot to Asia is successful, and volumes may rise as high as 900 bcm if sales rebound to Europe in a post-Ukraine war scenario.
China could be importing as much as much as 100 bcm a year of Russian pipeline gas in the 2030s, and the use of Russian LNG technology and support from Asian customers could see sales double by 2030 under a benign scenario.
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