Russian Energy Data! (Bear Power)

Russia holds the world’s largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves.

Russia is also the world’s largest exporter of natural gas, the second largest oil exporter and the third largest energy consumer.

Russia is a major world oil producer, sometimes producing even more than Saudi Arabia.

Russia’s output rebounded during the early 2000s, but the effects of high government taxation and a mature field base threaten an overall decline in production.

Russia’s production growth in the upcoming decade will depend on the availability of viable export routes for the country’s crude oil. Transneft currently has a monopoly over Russia’s pipeline network.

Russia has the largest natural gas reserves in the world, but the industry will face investment challenges in bringing new, more challenging fields online. In the meantime, production from Gazprom’s four largest fields are in decline.

Russia has the second-largest amount of recoverable coal reserves in the world.

Russia’s electricity reforms will be completed in July 2008 when Russian electricity monopoly RAO UES is dissolved. The government sees electricity sector reform as a crucial component of reducing domestic natural gas consumption.