Key Market Indicators
Russian energy consumption is projected to rise to approximately 30.5 exajoules by 2028, up from around 29.2 exajoules in 2023. This marks an average annual growth rate of 0.7%. Historically, since 1990, Russian energy demand has decreased at an average rate of 0.8% per year. Despite this long-term decline, Russia still held the 4th spot globally in 2023. In the same year, India surpassed Russia with an energy consumption of 29.2 exajoules, placing it ahead of Russia. The United States and India ranked 2nd and 3rd respectively in the global energy consumption rankings, with Russia following closely behind.
Latest reports
Russia Energy Market Report- Q4 2024
In the fourth quarter of 2024, Russia's energy sector experienced significant shifts driven by geopolitical tensions, strategic pivots towards Asian markets, and evolving...
Russia Energy Market Report - Q4 2024
The fourth quarter of 2024 presents a transformative period for the energy market in Russia, marked by strategic pivots and technological advancements amidst...
