Russian gas output forecast to surge – IEA ...News

Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian gas output in 2023 reaching 640 billion cubic meters (bcm), down 5% from 2022. For this year, however, the agency expects production to reach at least 664 bcm. It also expects the country’s domestic gas consumption to rise, by 2% to 503 bcm. The IEA’s figures for 2023 correspond with Russia’s

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