Russian gas exports collapse to 1985 levels

At the end of 2023, the gas monopoly sold about 69 billion cubic meters of gas for export - the lowest volume since 1985, according to Reuters calculations.

At the end of 2023, the gas monopoly sold about 69 billion cubic meters of gas for export – the lowest volume since 1985, according to Reuters calculations.

Compared to 2022 (100.9 billion cubic meters), the volume of gas pumped abroad decreased by another third, and if compared to pre-war levels – three times.

Supplies to Europe fell to 28 billion cubic meters – the level of the second half of the 1970s. China purchased a record 23 billion cubic meters through the Power of Siberia pipeline this year. This, however, compensated for only one-eighth of the former exports to the European Union (180 billion cubic meters).

The Moscow Times