Country Analysis Brief Overview
Russia is the second-largest producer of dry natural gas and third-largest liquid fuels producer in the world. Despite its significant reserves of coal, it produces only modest amount of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.
Russia was the third-largest producer of liquid fuels in 2012, following the United States and Saudi Arabia. During that year, liquid fuels production averaged 10.4 million bbl/d.
Russia's Transneft holds a near-monopoly over Russia's pipeline network, and pipeline exports account for the vast majority of Russia's crude oil exports.
Russia holds the largest natural gas reserves in the world, and is the second-largest producer of dry natural gas.
Russia is one of the top producers and consumers of electric power in the world, with more than 220 gigawatts of installed generation capacity. In 2011, electric power generation totaled approximately 996 billion kilowatthours, and Russia consumed about 861 billion kilowatthours.
Despite its sizeable reserves, Russia's production of coal is relatively modest, the country ranks sixth largest in the world coal production.
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PENNENERGY - Siemens Gamesa Renewable Energy has secured orders for the supply of 39 onshore wind turbines in France, with aggregate capacity of 104 MW, at five wind farms being developed in the regions of Hauts de France, Grand Est, Burgundy and in Western France.
FRB - Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction.
PLATTS - NYMEX Apr natural gas little changed at $2.678/MMBtu
BAKER HUGHES A GE - U.S. Rig Count is up 6 rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75.