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Russia’s Gas Production Set for Record High in 2022, IEA Says

  • Country’s supply situation is being closely watched by Europe
  • Output was record high last year, but exports didn’t keep up
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Winter Blast Sends Nat Gas to New Highs in January

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.