RUSSIAN GAS CONSUMPTION: NEAR- AND LONG-TERM OUTLOOKS

The question dominating the Russian energy sector today is how Russia will meet its rising domestic demand for gas as well as its export obligations. Amid uncertainties surrounding the next generation of Russian gas supply, a spike in gas consumption in 2006 and the promulgation of bullish outlooks for domestic gas demand raised widespread fears of an impending ""gas crisis"" in Russia.

CERA's analysis indicates that a moderate rate of growth in Russian gas demand is the most likely scenario to 2030. The rationale behind this forecast is threefold:

*Gross domestic product growth is expected to slow from 6-7 percent in recent years to 3-4 percent longer term.

*Structural shifts are expected to occur in the Russian economy, and in the power sector in particular, toward greater efficiency and conservation.

*Efficiency and conservation improvements are also expected to be driven by higher domestic gas prices.

CERA Research Reports

Browse other CERA research reports:

Oil Reports
Power Reports
Gas Reports
Energy Technology Reports

About CERA

CERA Reports Online, a wholly owned subsidiary of IHS Energy, is a leading advisor to international energy companies, governments, financial institutions, and technology providers. CERA delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy. CERA's expertise covers all major energy sectors--oil and refined products, natural gas, and electric power--on a global and regional basis.