Analysts: Russia’s Gas Exports To Europe Could Drop By One-Third

The EU’s determination to reduce its gas reliance on Russia, its drive to increase LNG imports, and Putin’s ruble-for-gas demand could result in Russian state gas giant Gazprom losing about one-third of its typical gas export volumes to Europe this year, analysts told Reuters on Friday. Gazprom’s natural gas sales to Europe this year could drop by 40 billion-45 billion cubic meters (bcm) from around 150 bcm in 2021, Sergei Kapitonov at the Energy Centre at Moscow’s Skolkovo School of Management told Reuters. According to…