Business · Energy & Commodities · 8 hrs ago

Russia ranks first in gas reserves and second in production

Russia ranks first in gas reserves and second in production

The Kremlin says Russia has the world’s largest natural gas reserves and ranks second in production.

The figures were shared by the presidential press service in Moscow.

Russia also says it has developed gas infrastructure and substantial technical expertise.

It is gradually diversifying gas supplies to the East, though no details or timeline were given.

The Kremlin says free exchange of energy resources should face fewer barriers.

It also says protecting critical gas infrastructure is important.

The statement does not describe any specific next steps.

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KremlinPresidential press service statement
Our country is world’s first by natural gas reserves and second by production, has the developed infrastructure and considerable technological groundwork. Gradual diversification of supplies to the East continues.
via TASS