EU's shipped in gas from Russia decline 70 percent in July Y...| MENAFN.COM

Sunday, 02 October 2022 12:33 GMT

EU's shipped in gas from Russia decline 70 percent in July YoY


(MENAFN) Europe's shipped in natural gas from Russia declined by nearly 70 percent to under 100 million cubic meters a day last month in comparison with the same month of 2021.

Imports declined to 100 million cubic meters as of last month from nearly 300 million cubic meters of gas a day in the same month in 2021, in line with figures from the International Energy Agency collected by Anadolu Agency.

The IEA additionally estimates a decline under 80 million cubic meters in the approaching months.

European nations shipped in on average nearly 400 million cubic meters of gas a day from Russia throughout the first 7-month period in 2021, but imports fell to 240 million cubic meters a day for the same 7 months in 2022.

A noteworthy share of EU restrictions forced on Russia after the Russia-Ukraine conflict contained stages to cut reliance on fossil fuel imports from Russia.

The EU targets to entirely reduce oil imports from Russia by the end of 2022 whereas cutting natural gas imports by two-thirds.

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