Russia Says It Remains "Guarantor" of Global Energy Security, Citing Reserves

Russian Energy Minister Sergey Tsivilyov said Russia possesses the world's largest combined reserves of oil and gas, describing the country as a guarantor of global energy security, according to a report by Russian state news agency TASS.

Tsivilyov said Russia's combined oil and gas reserves amount to approximately 60 billion tonnes of oil equivalent, TASS reported. The minister did not provide further breakdown of the figure or specify the source of the estimate, according to the report.

The statement was attributed to Tsivilyov by TASS, which did not cite independent verification of the reserve estimate or provide additional context on the venue or occasion of the remarks.

Russia has long been one of the world's largest producers and exporters of oil and natural gas, supplying energy to markets in Europe, Asia and elsewhere. The country's energy sector has faced sanctions and shifting trade patterns following Russia's full-scale invasion of Ukraine in 2022, prompting Moscow to redirect exports toward other markets.

TASS did not report any response from international energy analysts or rival producing nations to the minister's characterization of Russia's global energy role.