Russia Scrambles to Boost Domestic Gas Demand

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Russia is seeking for ways to make its domestic natural gas market the main source for profits for its gas industry following the loss of Europe as its main export destination due to the ongoing war in Ukraine. This must be done without undermining industrial growth and real household incomes, however, both sectors already hit by the West’s economic sanctions and state expenditure caused by the war. The search for new export markets remains a priority for Moscow, but redirecting flows East remains challenging for the natural gas industry compared to oil flows due to gas’ reliance on pipeline infrastructure, according to minutes from a meeting of the State Council Commission on Energy seen by Energy Intelligence.

Gas Supply, Gas Demand, Gas Prices, Gas Pipelines, Ukraine Crisis
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