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Russia: 25.1% drop in gas exports in 2022, 7.6% increase in oil exports

2023-02-13T14:35:44.020Z


Russian gas exports collapsed by 25.1% in 2022, weighed down by international sanctions, while those of oil...


Russian gas exports collapsed by 25.1% in 2022, weighed down by international sanctions, while those of oil increased by 7.6% over the same period, the Deputy Prime Minister announced on Monday. Russian in charge of Energy.

The collapse of gas exports is due "

to the refusal of European countries to buy Russian gas, as well as to the sabotage of the Nord Stream 1 and 2 gas pipelines

", indicated Alexander Novak in an article published on the specialized Russian site "

Energy Policy

”.

This announcement comes after nearly a year of conflict in Ukraine and a rain of international sanctions that have targeted the Russian energy sector to limit Moscow's revenues intended to finance its military offensive.

The European Union, once the largest customer of Russian gas, has drastically reduced its imports during the year 2022. In total, Russian gas exports “

have fallen by 25.1% to 184.4 billion cubic meters

” for a total production “

of 673.8 billion m3

”, specified Mr. Novak.

The Russian Deputy Prime Minister, however, was pleased "

to see the potential for growth in gas supply from the Asia-Pacific region

", with China in the lead, to which gas deliveries via the "

Force of Siberia

” in the Russian Far East “

increased by 48% and reached an all-time high of 15.4 billion m3

” in 2022.

Read alsoChina will weigh more than sanctions against Russia on the world oil market

Although the Europeans have virtually stopped importing Russian gas by pipeline, they continue to buy lesser amounts of liquefied natural gas (LNG), from numerous Russian reserves and transported by sea on LNG carriers.

Its exports worldwide "

increased by 7.9% last year

", to 45.7 billion m3, noted Mr. Novak on Monday.

On the black gold side, Russia increased its oil exports by 7.6% in 2022, to 242 million tonnes, despite the European embargo and the export price ceiling imposed since the beginning of December by the European Union, the G7 and Australia.

Particularly energy-consuming countries, India and China greatly increased their demand for Russian crude oil last year - benefiting from significant discounts and the reorientation of Russian strategy towards Asia -, as did Turkey by example.

"

This year, it is planned to deliver more than 80% of oil exports and 75% of oil products to + friendly countries +

," Novak said on Monday.

Source: lefigaro

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