Gazprom completely suspends gas supplies to Finland’s Gasum due to failure to pay in rubles

Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per cent (or 7.5 billion cubic meters) versus the same period of 2021.

Engie and Gazprom have agreed on a solution in line with both companies' expectations in terms of currencies and with European sanctions.

"Due to the fact that the Nord Stream 2 offshore gas pipeline is currently not in use, and taking into account the implementation of gas supply for consumers in northwest Russia, Gazprom has decided to use the excess onshore gas transmission capacity of Nord Stream 2 for the development of gas supply to the regions of northwest Russia," Gazprom said in a statement.

For the year ended December 31, 2021 profit attributable to the owners of PJSC Gazprom amounted to RUB 2,093,071 million.

According to preliminary data, Gazprom produced 175.4 billion cubic meters of gas in January-April 2022. This is a decrease of 2.5 per cent (or 4.5 billion cubic meters) versus the same period of 2021.

Russia's Economy Ministry expects oil and gas production to fall this year, according to a document seen by Reuters, with gas output declining to 702.4-720.9 bcm from 763.5 bcm in 2021.

В текущей ситуации особое внимание уделяется обеспечению бесперебойной работы электроэнергетического комплекса, что в значительной степени является залогом комфорта наших граждан.

Germany and Europe's dependence on Russian natural gas supplies cannot be eliminated in the short term without considerable economic damage.

Russian gas deliveries to Europe on three main pipeline routes were stable on Monday morning, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland.