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According to S&P Global Platts estimates to the Russian Ministry of Energy, Russia's coal production and exports in 2018 reached their highest level
since 2013.
Compared to 2017, Russian coal exports increased by 3.
4% to 191 million tons in 2018, the highest level
since Standard & Poor's Global Platz began collecting data on the Russian coal industry in 2013.
Coal production also reached its highest level since 2013 at 431.
76 million tons, an increase of 6%
in Russia in 2018 compared to 2017.
According to Platz estimates, Russian producers continue to seek dominance in the European market and are already fighting for more market share
in Asian markets such as South Korea and Taiwan.
In addition, average air freight prices (FOB) in both the Atlantic and Pacific regions were higher in 2018 than in 2017, which could be a big incentive
for Russia to continue to produce and export more coal to sea destinations.
Russian Energy Minister Alexander Novok briefed President Vladimir Putin on production in the Russian energy sector on Thursday and said it planned to achieve about 433 million tons of coal production
in 2020.
Russia's oil production increased by 1.
6 percent annually last year to 556 million tonnes
, the energy minister said.
Natural gas production hit an 18-year record, as Russia produced 72.
5 billion cubic meters of gas in 2018, an increase of about 5%
compared to 2017.
Russia's crude oil production in 2019 could be lower than originally planned to 552 million mt, or 11.
085 million bpd
, due to OPEC production cuts.
According to Novak, it was originally planned that Russian oil production in 2019 would reach 555 million tons to 555 million tons, or 11.
145 million barrels - 11.
165 million barrels per day
.
According to S&P Global Platts estimates to the Russian Ministry of Energy, Russia's coal production and exports in 2018 reached their highest level
since 2013.
Compared to 2017, Russian coal exports increased by 3.
4% to 191 million tons in 2018, the highest level
since Standard & Poor's Global Platz began collecting data on the Russian coal industry in 2013.
Coal production also reached its highest level since 2013 at 431.
76 million tons, an increase of 6%
in Russia in 2018 compared to 2017.
According to Platz estimates, Russian producers continue to seek dominance in the European market and are already fighting for more market share
in Asian markets such as South Korea and Taiwan.
In addition, average air freight prices (FOB) in both the Atlantic and Pacific regions were higher in 2018 than in 2017, which could be a big incentive
for Russia to continue to produce and export more coal to sea destinations.
Russian Energy Minister Alexander Novok briefed President Vladimir Putin on production in the Russian energy sector on Thursday and said it planned to achieve about 433 million tons of coal production
in 2020.
Russia's oil production increased by 1.
6 percent annually last year to 556 million tonnes
, the energy minister said.
Natural gas production hit an 18-year record, as Russia produced 72.
5 billion cubic meters of gas in 2018, an increase of about 5%
compared to 2017.
Russia's crude oil production in 2019 could be lower than originally planned to 552 million mt, or 11.
085 million bpd
, due to OPEC production cuts.
According to Novak, it was originally planned that Russian oil production in 2019 would reach 555 million tons to 555 million tons, or 11.
145 million barrels - 11.
165 million barrels per day
.