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Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%. "The shareholders ...
When it was implemented, exports by Gazprom fell from the 185Bcm achieved in 2021 to 100Bcm in 2022 and fell again in 2023. The revenue of Gazprom, whilst initially supported by high prices collapsed in 2023 resulting in a trading loss and the need to increase the price in the domestic market by 34% over 3 years.
Gasprom expects exports of gas in 2023 to be half of 2022. [5] Russian gas production in 2023 is expected to fall from 673bcm to 630Bcm with Gazprom production falling from 412.6Bcm to 390Bcm. [39] 2023 Exports to Europe total just 8.14Bcm in first 4 months of 2023, [40] with gas continuing to move through a Ukraine pipeline at 40-42mcm per day.
In 2022 Russia was the fourth largest LNG exporter with sales expected to increase as the production capacity rises to 15-20% of the world market by 2035. [2] The global demand for LNG is expected to rise around 85% from 2021 levels to 650-700 MTPA by 2040 with the USA and Qatar, which already export 70-80 MTPA each, expected to fill this new ...
In 2023, investors cheered Big Tech's cost-cutting efforts that led to significant earnings growth. In 2024, companies outside the tech sector have tapped a similar playbook, setting up the rest ...
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In late 2021, European natural gas prices rose to all-time highs and remained extremely volatile into 2022. These reduced Russian pipeline flows, together with low storage levels and adverse weather conditions, contributed to strong upward pressure on prices in Europe, which averaged more than US$30 per million British thermal units (BTU) in ...
During April 2021, Gazprom-associated gas storage facilities became unusually low and remained low instead of refilling in the off-peak summer season as usual. [ 7 ] [ 16 ] [ 17 ] [ 18 ] In late March 2022, Gazprom Group transferred ownership of Gazprom Germania which was then exited.