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Russia

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Russian gas giant Gazprom said its production during the first seven months of this year fell by 12% compared with the same period of last year, reflecting a slump in exports to Europe since Moscow sent its troops into Ukraine in February. Gazprom said it produced 262.4 Bcm of gas in January-July — which was 35.8 Bcm lower than in the same period of last year. According to Energy Intelligence calculations, the company's gas production in July alone stood at 24 Bcm — down from 37.4 Bcm in July of last year and also less than the 27 Bcm produced in June of this year. Gazprom halted exports via the Nord Stream 1 gas pipeline to Germany for 10 days of maintenance work in July of this year and in the same month of last year. The company said its combined gas exports to Europe (including Turkey) and China, totaled 75.3 Bcm in the first seven months of 2022, which was down by 34.7% from the same period of last year. Gazprom's exports to Europe have declined because the company has cut off or reduced supplies to several countries and companies, and because European countries want to reduce their dependence on imports of Russian gas.

Topic:
Gas Supply
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