Russia to cut gas production by 18-20% in 2022
Deputy Prime Minister Alexander Novak said that by the end of 2022, Russia will reduce gas production by 18-20%, to 671 million rubles. Of these volumes, 470 billion cubic meters will be sent to the domestic market. m.
“Yes, there is a partial drop in the share in the gas industry, by about 18-20%, but our gas industry will nevertheless produce 671 billion cubic meters this year. m. of gas, this is also a large volume. Of which approximately 470 billion cubic meters enter the domestic market. m,” said Mr. Novak on the air of “Russia-24”.
In Gazprom, the state that from January to December produced 394.1 billion cubic meters. m of gas, 19.6% less than last year. Exports to non-CIS countries decreased by 45.1%, the demand for flavor texture decreased by 5.2%. With this company, it is increasing gas supplies to China.
On December 19, the countries’ energy ministers complained about interests in the gas price ceiling. The limit is set at €180 per 1 MWh (or about €1.85 thousand per 1 thousand cubic meters). The ceiling comes into effect on February 15, 2023.
On December 22, President Vladimir Putin signed a decree prohibiting Gazprom from buying gas from Wintershall Dea and OMV, which limit gas consumption. The government must set a price ceiling within ten days.
You can tell about how the cost of Russian raw materials has decreased on the market in the article “Gas has sold the ceiling”.