Key Market Indicators
Russian energy consumption is projected to reach 32.15 exajoules by 2026, a 0.6% year-on-year growth rate since 1990. The country was ranked fourth in 2021, with 31.3 exajoules of energy consumed, just behind India with 31.3 exajoules. The United States, India, and Russia respectively ranked second, third, and fourth in energy consumption. Russian energy supply is forecast to reach 750.58 million tonnes of oil equivalent by 2026, an average 0.3% year-on-year growth since 1995. Russia came in fourth, with 720.82 million tonnes of oil equivalent in 2021, behind India's 720.82 million tonnes. The US, India, and Russia held the second, third, and fourth places, respectively, in the energy supply ranking.