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Until 2022, Russia was the world's largest exporter of natural gas, exporting over 250 billion cubic meters (bcm) of natural gas in some years. However, following the Russian invasion of Ukraine on February 24, 2022, Russian natural gas exports plummeted. The steep decline in exports was mostly caused by western countries sanctioning Russian ...
On 26 April, Russia announced it would cut off natural gas exports to Poland and Bulgaria because of their refusal to pay in rubles. On 21 May, Russia halted all of its gas exports to Finland for the same reason. [38] Natural gas prices are expected to remain extremely volatile in the current context of market uncertainty.
The U.S. and Russia have been the predominant producers of natural gas. [1] Russian natural gas production (red) and exports (black), 1993–2011 [needs update]. In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year. [2]
About 14.65 billion cubic metres (bcm) of gas was supplied via Sudzha in 2023, or about half of Russian natural gas exports to Europe. EU gas consumption fell to 295 bcm in 2023.
Russia shipped some 15 billion cubic metres of gas via Ukraine in 2023, about 8% of peak Russian gas flows to Europe via various routes in 2018-2019, according to data compiled by Reuters.
Russian gas exports to Europe via Ukraine were stable on Wednesday, data from Kremlin-controlled producer Gazprom showed, with nominations for flows to Austria from Slovakia also unchanged.
Russia natural gas production (red) and exports (black). [needs update] Russian crude oil production (red) and crude oil exports (black). [needs update] The petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas. [1]
In 2023 the EU is proposing a law to allow EU countries to block Russia using LNG terminals in Europe, which may block access to the Fluxys terminal, [9] this wider proposed EU law, planned for 2024, would control all gas energy products, allowing the EU to block Russian access to European pipelines and LNG terminals making delivery impossible ...