Russian gas output is declining | MENAFN.COM

Tuesday, 31 January 2023 11:05 GMT

Russian gas output is declining


(MENAFN) Natural gas output in Russia fell 11.6% in November compared to the same month last year, totaling 612.9 billion cubic meters (bcm), according to Vedomosti daily, citing Energy Ministry sources.

The previous drop reported by state-owned energy company Gazprom has had a detrimental influence on total output trends. Gazprom said on December 1 that gas output fell 19.4% year on year in the first eleven months to 376.9 bcm, blaming the drop on falling EU consumption.

Pipeline deliveries to Europe, Turkey, and China fell 44.5% year on year to 95.2 bcm in the reporting period. Domestic gas consumption has also fallen by 5.7%, according to the outlet, citing Gazprom.

Despite the overall reduction, major Russian energy giants Rosneft and Novatek are said to have increased their natural gas output.

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