Russia: Cuts gas exports to the EU by a third

by
Russia: Cuts gas exports to the EU by a third

Compared to last year, Russian gas exports to the EU totaled around 150 bcm.

Moscow is increasingly turning off the natural gas tap in Europe.

The Russian Deputy Prime Minister Alexander Novak announced on Thursday that Russian gas exports to the European Union they will be reduced to 1/3 this yearby 50 billion cubic meters (bcm), as reported by the Interfax news agency.

Compared to last year, Russian gas exports to the European Union totaled around 150 bcm.

Russian energy supply to Europe decreased significantly this yearamid the Euro-Russian standoff and sweeping Western sanctions against Russia since Russia’s invasion of Ukraine, which Moscow calls a “special military operation,” began on February 24.

The German regulator has warned that there will likely be gas shortages in the winter.

The German government is poised to acquire part of troubled gas supplier VNG, while nationalization of gas importer Uniper is also under consideration.

You May Also Like

Recommended for you

Immediate Peak