https://sputnikglobe.com/20240927/russias-offshore-oil-reserves-enough-for-32-years---energy-minister-1120312722.html
Russia's Offshore Oil Reserves Enough For 32 Years - Energy Minister
Russia's Offshore Oil Reserves Enough For 32 Years - Energy Minister
Sputnik International
Russia's offshore oil reserves will be sufficient for 32 years of output, while gas reserves on the shelf will last for more than 130 years, Russian Energy Minister Sergei Tsivilev said on Friday.
2024-09-27T11:18+0000
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"We have significant reserves in the Arctic, with proven reserves estimated at around 17 billion tonnes of oil. Even at the current production levels, extracting oil from the shelf will be enough for 32 years. As for gas, we have 85 trillion cubic meters on the shelf – at the current production volumes, this will last for more than 130 years," Tsivilev said during the session "Russia's Fuel and Energy Complex: The Future Begins Today" at the Russian Energy Week. Russia needs to build a new modern energy generation system, networks, and a unified energy system with friendly countries, the minister added.
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russian oil reserves, how much oil does russia have, russia's oil reserves, how long will russian oil last, russian energy week
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Russia's Offshore Oil Reserves Enough For 32 Years - Energy Minister
MOSCOW (Sputnik) - Russia's offshore oil reserves will be sufficient for 32 years of output, while gas reserves on the shelf will last for more than 130 years, Russian Energy Minister Sergei Tsivilev said on Friday.
"We have significant reserves in the Arctic, with proven reserves estimated at around 17 billion tonnes of oil. Even at the current production levels, extracting oil from the shelf will be enough for 32 years. As for gas, we have 85 trillion cubic meters on the shelf – at the current production volumes, this will last for more than 130 years," Tsivilev said during the session
"Russia's Fuel and Energy Complex: The Future Begins Today" at the
Russian Energy Week.
Russia needs to build a new modern
energy generation system, networks, and a unified energy system with friendly countries, the minister added.
"We need to create a new [system of energy] generation, a modern one. We need to develop our networks using new, modern approaches, such as high-voltage energy transmission, the use of direct current in transmission, and the implementation of storage systems. Additionally, we should build a unified energy system not only within the territory of the
Russian Federation but also with countries that are friendly to us," he said.
The Russian Energy Week is taking place in Moscow from September 26 to 28.
