The Ministry of Natural Resources announced a change in the volume of explored oil and gas reserves

MOSCOW, 19 Sep — PRIME. The volume of explored natural gas reserves in the territory of the Russian Federation decreased by 6.32% in 2021, while crude oil reserves increased by 0.11%, according to the draft state report of the Russian Ministry of Natural Resources on the state and protection of the environment of the Russian Federation.

The head of the Ministry of Natural Resources said that Russia has enough oil and gas resources

“The volume of explored fuel and energy reserves of mineral resources (crude oil, natural gas, coal and uranium) in 2021 compared to 2020 decreased in terms of natural gas, coal and uranium by -6.32%, -0.11% and – 0.41% respectively, and increased in crude oil reserves by 0.11%,” the report says.

The materials state that oil reserves at the end of the year amounted to 19.03 billion tons, and natural gas – 44.5 trillion cubic meters.

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During the year, 525 million tons of oil and gas condensate were produced, which is 3.75% higher than in 2020. The volume of gas production in annual terms remained at the same level – 662 billion cubic meters. At the same time, the annual increase in reserves based on the results of geological exploration amounted to: oil and condensate – 614 million tons, natural gas – 1.554 trillion cubic meters.

As for coal, its reserves fell to 274.8 billion tons last year, while production amounted to 363.4 million tons. Uranium reserves decreased to 707.7 thousand tons, and 2.6 thousand tons of this mineral were mined during the year.

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