JOURNAL ARTICLE

Russia's Energy Plan Sees Crude Output Barely Shifting by 2050.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

Russia's new long-term energy strategy projects minimal changes in crude-oil production and exports over the next 25 years, with output expected to remain around 540 million tons by 2050. The country aims to significantly increase natural gas production, targeting 853 billion cubic meters by the end of the decade and over 1 trillion cubic meters by 2050, largely driven by a rise in liquefied natural gas production. However, Western sanctions pose challenges to Russia's gas ambitions, with future projects facing restrictions. The document also highlights the potential impact of stagnating oil exports on Russia's global market influence and budget revenue. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:184475213
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