Novak said that the Russian Federation will be the leader in Asian oil and gas markets by 2050 16:27

Russia will be the leader in Asia’s oil and gas markets until 2025. This was stated in a column by the Deputy Prime Minister of the Russian Federation for a magazine “Energy Policy”.

“The development of the infrastructure to increase the economic efficiency of oil resources, Russia is number 1 in the Asian oil market until 2050 and will fully meet the needs of the fleet area,” the Deputy Prime Minister said.

Novak added that Russia plans to develop a body pipeline system, port and railway infrastructure.

Novak in the same column announcedThat Russia can already increase coal production thanks to its production capacity. According to him, until 2050, the level of coal consumption in the domestic market will be up to 230 million tons per year. At the same time, a clear share of raw material production will increase to 75%.

Previous Novak listed Leaders of future oil consumption.

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Source: Gazeta

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