Russia’s Gazprom PJSC again reported a slide in both natural gas production and exports as it has nearly cut off all deliveries to Europe in retaliation for sanctions against its war in Ukraine. 

russian gas pipeline map

The state-owned company, which holds the world’s largest gas reserves and is among the largest exporters, said year/year deliveries to countries outside the former Soviet Union fell by nearly 40% to 84.8 billion cubic meters (Bcm), or about 3 Tcf, between Jan. 1 and Sept. 15.

Over the same time frame, Gazprom said preliminary data show it produced 300.8 Bcm (10.6 Tcf), or 16% less than the year-ago period. Domestic demand for the company’s gas has also declined by 3.3% this year, according to the company.

Gazprom has continued to report a decline in exports as it’s ended...