12/1/2022, 1:27 PM (Source: TeleTrader)
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Gazprom's gas output down almost 20% in 2022

PJSC Gazprom said in an update on Thursday that its natural gas output since January amounted to 376.9 billion cubic meters, 19.4% lower than in the same period in 2021. The domestic market demand was down 5.7% or 12.8 billion cubic meters.

In addition, Russia's state gas company estimated that the global natural gas demand fell by around 55 billion cubic meters. As a result of sanctions imposed by the European Union, the reduction in the bloc's gas consumption amounted to about 50 billion cubic meters, while the United Kingdom decreased its demand for Russian gas by over 6 billion cubic meters.

Baha Breaking News (BBN) / DJ