Russia’s natural gas production is forecast by the International Energy Agency to rise to a record high this year, even as Europe struggles with its worst energy crisis in decades.
The country’s output and exports have been closely scrutinized by traders and European policymakers as gas prices in the region climbed to unprecedented levels in the winter, contributing to inflation and a cost-of-living crisis. Gazprom PJSC’s capped deliveries have partly been blamed, including by the IEA, for the crisis.
