Energy Outlook 2035 - BP

... (world’s largest oil importer). Oil production will be dominated by USA, Saudi Arabia and Russia, with well over a third of global liquids coming from these three powers. At a rate of 11 Mb/d by 2035 Russia will only trail Saudi Arabia and the US. BP anticipates that post-2020 Russia will commence its tight-oil production, which will prop up its falling production and account for 7% of the country’s total output. Gas production will be dominated by USA and Russia, with the latter just trailing the former in total volumes produced, but dominate export wise. At 79 Bcf/d of gas output by 2035 Russia will a major player, but its production will predominantly be conventional as only 5% of it will come ...