Why is this important
A decrease in gas and other hydrocarbon production may affect the country’s energy security, export revenues, and the need to increase imports or revise plans for the development of the gas industry.
What happened
- Gas production decreased from 30.1 billion cubic meters in January-August 2024 to 28.9 billion cubic meters in the same months of 2025.
- Gas condensate production also decreased — the decline is 8.3%.
- Oil production decreased from 485.1 thousand tons to 434.5 thousand tons in annual terms.
- Gas exports increased by 24.1% compared to last year, totaling $494.7 million.
- Gas imports fell by approximately 27.9% during the same period.
Context
The decline in gas and oil production is observed against the backdrop of increased export revenues — the country managed to increase revenue despite the decline in production volumes. A decrease in gas imports may indicate attempts to reduce dependence on external supplies. Such trends may force authorities to revise their strategies for developing extraction, modernizing infrastructure, and optimizing energy use.
