“Everybody flushed down the toilet”: Russia lost the European gas market in a year, according to the media

The revenue of the Russian Federation from gas sales to European countries in 2023 could be halved. About this, the Reuters publication writes, citing its own calculations.

“The labor of hundreds of people who have been setting up the export system for decades has now been flushed down the toilet,” one of the former directors of the Russian company Gazprom said in an interview with the broadcast’s journalists.

After the start of Russia’s full-scale invasion of Ukraine, gas exports to European countries decreased significantly. Although Western sanctions did not apply to pipeline gas, Russia itself limited its supply under fabricated excuses.

Gazprom reported that they exported 100.9 billion cubic meters of gas to European countries in 2022. m, 45% less than the previous year.

According to journalists, the decline in gas exports continued in January 2023, during the last month the Russian gas monopoly earned $ 3.4 billion in revenue from exports, while its profit for the same period of 2022 amounted to $ 6.3 billion.

Last year, the European gas market for Russia fell to 7.5%, although it was at least 40% in 2021.

remember before Focus He reported that in January 2023, India and China had become the largest oil importers from Russia. According to media reports, from January 1 to January 15, Russian oil exports from Baltic Sea ports to Asia increased by 27% compared to the same period in December 2022.

Also, on February 11, the Financial Times wrote that after the sharp decline in Russia’s gas exports in response to the Russian Federation’s military attack on Ukraine, Europe will likely no longer return to purchasing energy supplies from the Russian Federation.