Russia’s gas production hits record highs


Russia’s natural gas production is projected to reach record highs in 2022, according to a new report from the International Energy Agency.

The agency’s latest quarterly report predicts that Russia will produce 763 billion cubic meters of gas in 2022, which constitutes the country’s highest annual gas production in 30 years.

However, natural gas exports are taking time to keep up with total production. Gazprom, which controls pipeline gas exports from Russia, had overseas sales of only 185 billion cubic meters of natural gas last year, the fourth highest annual export volume that set a new record for total annual production. Reported that there are many.

Russia, with an estimated 1,688 trillion cubic feet, has the world’s largest natural gas reserves, and this abundance of gas provides one-third of Europe’s natural gas supply while maintaining a high degree of energy self-sufficiency. I was able to do.

One of Russia’s recent efforts to expand natural gas exports to Europe is Nord, which supplies natural gas directly from Russia to Germany via the Baltic Sea, bypassing intermediaries such as Ukraine and Belarus. Stream pipeline. The project was launched despite US protests fearing that increased gas exports to Europe would increase Russia’s hard power in the region.

Nord Stream 1 has been in operation since 2011, but geopolitical factors forced Germany to postpone the start of the pipeline, so Nord Stream 2 (which doubles the capacity of the project) was launched last September. Has been stagnant since its completion. The launch of Nord Stream 2 has been a source of leverage in Russia’s recent tensions with NATO over Ukraine. As a result of pressure from the United States, the launch of the pipeline has been delayed by Germany.

Timing is most unfortunate for Germany in the midst of a heating crisis in the midst of winter, as Germany’s denuclearization has brought energy uncertainty to Central Europe’s electricity. Following Japan’s Fukushima nuclear accident in 2012, German activists urged the Merkel government to promise a phased abolition of nuclear power. This will be completed this year.

However, the current gas shortage has caused remorse among some Germans who consider the denuclearization decision to be short-sighted and counterproductive. Neighboring France takes the opposite approach, with nuclear power supplying more than 70 percent of the country’s energy supply. This emphasis largely isolated France from the energy problems facing Germany today.

Forecasts of energy resource exports remain uncertain and depend on geopolitical development, as natural gas exports have become the latest chess piece in the complex tensions of Russia and NATO. Meanwhile, Russia’s natural gas mining has continued unabated at a faster rate than at any point in decades, with the country’s vast reserves and booming industries making ambitious purchases in the international market. We are offering a lot to people.

Nicholas Dringer

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Nicholas Dolinger is a business reporter for The Epoch Times and author of the “The Beautiful Toilet” podcast.