Country insights: Russia

We project Russia remains the world’s largest energy exporter, with exports meeting over 4% of global energy demand by 2035

Growth in Russia’s energy consumption

Share of global energy consumption in 2035

Growth in Russia’s energy production

  • Russia’s energy consumption (+2%) grows the slowest among BRIC countries, with India (+129%), China (+47%) and Brazil (+41%), all expanding faster.
  • Nuclear (+17%) leads growth in consumption, followed by oil and hydro (both +14%), while gas (-2%) and coal (-22%) use declines.
  • Fossil fuels account for 85% of Russia’s primary energy consumption in 2035, slightly below 2015 (88%). Gas dominates the fuel mix with a 51% share (down from 53% in 2015). Oil’s share inches up from 21% today to 24% in 2035, while coal’s share declines from 13% today to 10% in 2035.
  • Oil continues to dominate transport, accounting for 92% in 2035. The share of natural gas in transport grows from just above zero today to 1% in 2035.
  • Despite growing by over 7000% between 2015 and 2035, renewables account for only 1% of consumption by 2035, compared with 11% on average among the BRIC nations.
  • Natural gas remains the leading fuel in power generation, declining slightly; from 55% in 2015 to 54% by 2035.
  • Nuclear grows from 15% today to 18% by 2035, hydro grows from 13% today to 15% by 2035, while coal declines from 15% today to 10% by 2035. Renewables grow from zero today to 3% in 2035.
  • Russia’s primary energy production grows by 15% over the Outlook. The country’s share of global energy production declines slightly, from 10% in 2015 to 9% in 2035.
  • Russia’s liquids production (12.2 Mb/d in 2035) trails only the US and Saudi Arabia.
  • Natural gas production (71 Bcf/d in 2035) is the second largest in the world after the US. Unlike the US, almost all of the production comes from conventional reservoirs.
  • Russia remains the world’s largest primary energy exporter and the second largest oil and gas producer, exporting 8.6 Mb/d of oil and 34 Bcf/d of gas.
  • Russia’s energy intensity declines by 25% between 2015 and 2035.

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