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Gas exports from Russia continue to decline

Photo: Median.Az

Russian gas exports to non-CIS countries fell by 42.6% in 10 months to 91.2 billion cubic meters. m.

The Russian gas monopoly Gazprom for 10 months of 2022 reduced gas production by 18.6% compared to the same period last year – to 344 billion cubic meters. m. Gas exports to non-CIS countries for 10 months decreased by 42.6% (by 67.6 billion cubic meters) to 91.2 billion cubic meters. m. The press service of the concern reported this on Tuesday, November 1.

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At the same time, Gazprom’s average daily export in October decreased by 11.5% compared to September, to 139 million cubic meters. m. And the demand for gas from the gas transmission system in the Russian domestic market for 10 months decreased by 5.6% (by 11.1 billion cubic meters).

According to Gazprom, the decrease in gas consumption in the European Union has been a major factor in reducing the world’s gas demand.

“Global demand has fallen by more than 40 billion cubic metres. Of this reduction, the 27 EU countries share around 85% or 36 billion cubic metres. UK gas consumption has also fallen: within specified period – of approximately 4 billion cubic meters Thus, the total share of EU countries and the UK in the reduction of global demand is approximately 95%,” said the report.

Recall that in the first nine months of this year, Gazprom exported 86.9 billion cubic meters of gas, which is 40.4% (58.9 billion cubic meters) less than the same period last year. So, the situation for the Russian monopolist is getting worse every month.

Remember that in the past month, the price of gas in Europe has fallen eight times. This happened against the backdrop of falling demand and a warm autumn.

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Source: korrespondent

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