Gazprom Exports at Lowest This Century on Capped Flows to EU

  • Deliveries to key markets shrank by 46% in 2022: company data
  • Gas production fell to 412.6 billion cubic meters, CEO says
Europe's Price Cap on Russian Oil Goes Into Effect
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Gazprom PJSC’s exports to its key foreign markets almost halved in 2022 — reaching the lowest since at least the start of the century — as flows to Europe were slashed following the invasion of Ukraine.

The Russian gas giant sent 100.9 billion cubic meters of the fuel to countries outside the former Soviet Union this year, Chief Executive Officer Alexey Miller said Wednesday, according to a transcript of his comments on the company’s Telegram channel. That’s a 46% drop from 2021.