Russia has the highest number of key planned oil and gas projects in the Former Soviet Union (FSU), with a total of 29 oil and natural gas projects expected to start operations in the country by 2025, according to research and consulting firm GlobalData.
The company’s latest report states that, among operators, Gazprom is expected to lead with six planned projects, all of them yielding conventional gas. The other major operators in the FSU region are Surgutneftegas and Rosneft Oil Company, with five and two projects respectively.
Russian key planned projects are expected to add 0.8 million barrels of oil per day (mmbd) to global crude production in 2025, and 11.9 billion cubic feet per day (bcfd) to global gas production.
By 2025, Rosneft Oil Company will be adding around 540.8 thousand barrels of oil equivalent per day (mboed), followed by Gazprom and Surgutneftegas with 250 mboed and 17 mboed, respectively.
During 2017 to 2025, Russia is expected to lead the region with a capex of USD 41B spent on key planned projects, of which USD 10.4B will be spent alone on the Sakhalin 3 project. Gazprom is expected to spend a total of USD 31.8B on planned projects.
