How much does Russia make from natural gas?

Because the price of natural gas is set by global markets, the value of Russia’s gas varies. However, Russia exported natural gas supplies in 2021 that based on prices at the time, brought in an estimated $55.5 billion. The value was more than doubled than in 2020, according to estimates. Gazprom, the leading Russian gas company, which is co-owned by the state, has a monopoly on the country’s export market, which limits domestic competitors. Gazprom is estimated to account for at least 5% of Russia’s gross domestic product.