Russian gas exports to EU will fall by 50 bcm in 2022
(VOVWORLD) - Russian Deputy Prime Minister Alexander Novak said on Thursday that Russian gas exports to the EU will decline by 50 billion cubic metres this year, Interfax news agency reported. Last year, Russian gas exports to the EU totalled around 150 billion cubic metres.
The Nord Stream 2 pipeline. (
Photo: Reuters/VNA) |
Russian energy supplies to Europe have significantly declined this year amid a stand-off and sweeping Western sanctions against Russia following the start of a special military operation in Ukraine in February.
Russia supplied around 40% of the EU’s gas before it sent troops to Ukraine. That share has plummeted to 9%, as Moscow has cut supplies to Europe, blaming the decline on technical issues caused by Western sanctions.
Russian President Vladimir Putin said last week that Russia will stop exporting its energy if sanctions continue to be imposed.