Russia peak

Russia gas peak

February 2015

Graph from:

Using above incrementals (RHS) we get following production (LHS): The graph shows: actual production up to 2014 (green line), IEA forecast done in 3rd quarter 2014 (just as oil prices started to drop, light blue line), IEA forecast of February 2015 (dark blue line)

July 2014

Russia expects decline of oil export revenue in 2016

7/7/2014 MOSCOW, July 07. /ITAR-TASS/. Russian finance ministry predicts a 156.4 billion roubles ($4.5 billion) decline in 2016 oil export revenue from the earlier figure stipulated in the federal budget law for 2014 and the planned period 2015 and 2016, says the Ministry’s draft federal budget for 2015-2017.

June 2014

From the Energy Research Institute of the Russian Academy of Sciences

June 2014

April 2014

(with data up to Dec 2013) Data from:,&syid=1994&eyid=2013&freq=M&unit=TBPD

July 2013$FILE/EY-Enhanced-Oil-Recovery.pdf

More details: 9/6/2013 FSU crude oil exports decline by 5.5% in last 2 years



At the end of 2012 the government issued licenses for the development of the last remaining large lots on the books of the Federal Agency for Subsoil Use (Rosnedra). The fields are Lodochnoye in Krasnoyarsk region and Shpielman and Imilor in Khanty-Mansy region. Therefore, in the mid-term the opportunities for commissioning of new large fields will be limited.

According to the oil companies’ plans, by 2020 they will put in operation such fields as Yurubcheno-Tokhomskoye, Russkoye, Vostochno-Messoyakhskoye, Novoportovskoye, Kuyumbinskoye and Imilorskoye.

As a result, by 2025, the increase in annual production from commissioning of new large fields will amount to 100 mln t. The majority of new fields will be commissioned after 2015, and until then maintaining production at stable levels will remain a very difficult task.

Forecasted production volumes for the new projects are unlikely to compensate the natural decline rate at old fields.

Nov 2012
.. ..

Estimate July 2011

1989: fall of the Berlin Wall 4/10/2010

Russia’s oil peak and the German reunification

2009 January

Gas supply disruption to the EU


INTEGRATED SOLUTIONS FOR EFFECTIVE DEVELOPMENT AND EXPLOITATION OF URENGOY OIL, GAS, CONDENSATE FIELD by Grigory Lanchakov to the International Gas Union reads: “Currently, for the Cenomanian and Valanginian horizons of Urengoy field, which are at a late stage of development, the time of «easy gas» is over.” Graph shows that 69% of Cenomanian gas is gone



June 2006

Vladimir Milov



March 2006


Russian energy policy in a broader context Vladimir Milov President, Institute of Energy Policy,%202006.pdf