Russia Sets Out How Much It’s Going to Cut Gas Flow Through 2025
- Pipeline exports seen at 125.2bcm in 2023 vs 205.6bcm in 2021
- Three-year budget draft sees pipeline exports to remain flat
Pipework showing flow direction at an underground gas storage facility in Kasimov, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia set out just how much its gas flows to the global market will fall in the next three years -- and the numbers underscore the scale of the challenge facing Europe’s energy consumers.
Annual pipeline gas exports are set to drop by almost 40% to 125.2 billion cubic meters in 2023-2025, according to the nation’s three-year draft plan, seen by Bloomberg. Pipeline gas exports is estimated at 142 billion cubic meters this year, the draft showed.