Russian pipeline gas exports will grow to 108 bcm in 2024 from 91.4 bcm in 2023 - Novak

MOSCOW. Jan 25 (Interfax) - Exports of Russian pipeline gas (to neighboring and other countries) will increase to 108 bcm in 2024 from 91.4 bcm in 2023, Deputy Prime Minister Alexander Novak said in Energy Policy magazine.

Officials use data on exports of natural gas produced in Russia, while Gazprom statistics also include re-exported Central Asian gas.

"This year, the reorientation of export flows and the increase in Russia's share in the global gas market will continue. Our estimates show that, in 2024, pipeline gas exports will increase 11% to 108 bcm, as the Power of Siberia gas pipeline gets closer to reaching design capacity. Pipeline gas exports in 2023 totaled 91.4 bcm," the publication said.

The figure Novak cites corresponds to Russia's medium-term macro forecast model of 108 bcm in its base scenario and 100 bcm in the conservative one.

"We are rapidly increasing gas exports to China via the Power of Siberia pipeline, the Far Eastern route project with a capacity of 10 bcm of gas per year is being implemented, and the Power of Siberia 2 gas pipeline project through Mongolia with a capacity of 50 bcm of gas per year is being developed. To speed up the construction of new transport infrastructure facilities, the Russian government has simplified procedures for approving part of the design and construction work of the main gas and oil pipelines," Novak said.