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Gazprom Reduces Gas Supply to Europe via Ukraine

Gazprom Reduces Gas Supply to Europe via Ukraine

August 19, 2023
Gazprom Reduces Gas Supply to Europe via Ukraine

Gazprom Reduces Gas Supply to Europe via Ukraine

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Russian company Gazprom announced its plans to dispatch 41.4 million cubic meters of gas to Europe through Ukraine this Saturday. This represents a minor decline, with a reduction of one million cubic meters from the 42.4 million sent the previous day, as reported by Reuters.

Last year, the West imposed a series of sanctions on Russia and its state-affiliated companies due to Russia’s invasion of Ukraine. Although direct sanctions on Gazprom’s natural gas exports – a major revenue source for the company – weren’t enforced, the export volumes nearly halved last year, totaling around 101 billion cubic meters.

Moscow is trying to redirect a portion of its exports to allied nations in Central Asia, especially Kazakhstan and Uzbekistan. These countries, despite their rich gas and oil resources, face energy crises.

Tags: EuropeGazpromUkraine
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