China not replacing Nord Stream as Gazprom reports production decline

Published by
DPA

Against a backdrop of reduced supply volumes to Europe, Russian energy giant Gazprom increased gas exports to China by almost 61% in the first seven months of 2022 – but still had to cut its production. “Gazprom produced 262.4 billion cubic metres of gas, down 12% [35.8 billion cubic metres] year-on-year, according to preliminary data,” the company announced on its Telegram channel on Monday. While domestic consumption remained relatively stable at minus 2% from January to July, Gazprom said demand from abroad in particular fell sharply. The company puts the decline at more than a third (34.7 …

Read More

Leave a Reply