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.

MENAFN05122022000045011137ID1105269373


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.