10 Oct 2024 23:29

Gas consumption in Russia again expected to be above 500 bcm in 2024 - minister

ST. PETERSBURG. Oct 10 (Interfax) - Gas consumption in Russia this year is expected to be above 500 billion cubic meters, as in 2023, Energy Minister Sergei Tsivilev told reporters on the sidelines of the St. Petersburg International Gas Forum.

"More than 75% of the gas produced in the country is consumed on the domestic market. This year, this figure could exceed 500 bcm, not least due to demand from industrial consumers, the power industry and metallurgy," he said.

Deputy Prime Minister Alexander Novak said in a presentation that 500 bcm of gas was sold on the domestic market in 2023, up 2.8% from 486.6 bcm in 2022.