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

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Russian gas output forecast to surge – IEA
source : Russia Today ( News ) () 51
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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