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Russia to increase oil, gas exports in 2010

Eric Watkins
Senior Correspondent

LOS ANGELES, Dec. 28 -- Russia's Economic Development and Trade Ministry, in forecasting the country's oil and gas production and exports to 2010, said gas exports in 2010 will increase to 223.4 billion cu m and oil exports, to 271 million tonnes.

It said Russia's 2010 natural gas production will increase to 722 billion cu m in 2010, following 655 billion cu m in 2006, about 668 billion cu m in 2007, 683 billion cu m in 2008, and 705 billion cu m in 2009.

It forecast gas exports of 202.5 billion cu m in 2006, 200.8 billion cu m in 2007, 208.5 billion cu m in 2008, and 218.4 billion cu m in 2009.

The ministry said oil production will grow to 512 million tonnes in 2010, following 480.4 million tonnes in 2006, 492 million tonnes in 2007, 500 million tonnes in 2008, and 507 million tonnes in 2009.

It expects crude oil exports of 251.5 million tonnes in 2006, 262 million tonnes in 2007, 269 million tonnes in 2008, and 274 million tonnes in 2009.

It also reported that exports of refined petroleum products—103.5 million tonnes in 2006—are forecast to grow to 105 million tonnes in 2010.

Contact Eric Watkins at hippalus@yahoo.com.


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