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.
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...