Russian Federation upstream: 4 things to look for in 2024
Predictions for the year ahead
1 minute read
Michael Moynihan
Research Director, Russia Upstream Oil and Gas

Michael Moynihan
Research Director, Russia Upstream Oil and Gas
As a research director in our upstream team, Michael analyses developments in the upstream industry in Russia.
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Russian Federation upstream: 4 things to look for in 2024
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What's inside this year's report?
Russia's upstream outlook continues to be shaped by the consequences of its invasion of Ukraine. And 2024 will be a decade-defining year for Russia as it holds presidential elections, hosts the BRICS annual summit and grapples with the impact of western sanctions.
Powered by Lens Upstream, in this report we highlight the four key themes to watch in 2024, including:
- Crude oil production cuts: what next for Russia's liquids production?
- Russian LNG: what challenges need to be overcome at Arctic LNG-2?
- Vostok oil project: how much progress will be made?
- Politics and economics: what will speed up or slow down the pivot to Asia?