Saturday, May 31, 2025

Latest

Gazprom Missed 2021 Natural Gas Export Targets as Europe Underwent Massive Energy Supply Shortage

Russian-owned gas company Gazprom failed to meet its own European export targets for 2021, which ultimately helped contribute to the continent’s worst energy crisis in decades.

According to a statement from Gazprom CEO Alexey Miller seen by Bloomberg, the energy giant only delivered 185.1 billion cubic meters to its main export clients, including Europe, China, and Turkey. Although the figures are above last year’s levels by 3.2%, they were still lower than export levels reported in 2018 and 2019.

According to calculations conducted by Bloomberg, natural gas deliveries to Europe and Turkey stood at around 177 billion cubic meters in 2021, which are substantially lower than Gazprom’s previous October forecast of 183 billion cubic meters worth of exports to the two regions.

Exports from Gazprom have been heavily scrutinized over the past several months, as lower supplies have sent energy prices skyrocketing to record-highs. However, even despite the continent’s gas supplies sitting at historically low levels, coupled with incoming cold temperatures, the company has failed to boost gas supplies to its clients above its long-term contractual obligations.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Seymour Hersh Reports US Blew Up Nord Stream Pipelines; White House Denies Report

Famed journalist Seymour Hersh has published a new substack report that suggests the United States...

Wednesday, February 8, 2023, 08:00:45 PM

Russian Outrage Over Telegram Founder Pavel Durov’s Arrest

The arrest of Pavel Durov, the founder and CEO of the popular messaging app Telegram,...

Monday, August 26, 2024, 12:56:00 PM

‘Gas To Guns’: Russia Demands Energy Ministry Employees To Sign Up For Mobilization, But Gazprom Gets A Free Pass

In a move short of desperation, Moscow is conscripting draftees for President Vladimir Putin’s partial...

Friday, September 23, 2022, 10:54:00 AM

Will SWIFT Sanctions Against Russia Cause Long Term Problems For The United States?

Last week, essentially all major economic powers in North America, and Europe, including the U.S.,...

Sunday, March 6, 2022, 03:03:00 PM

Who Will End Up Paying For Germany’s Gas Once Russian Taps Close?

Underlying Germany’s draft law that would essentially allow the government to bail out ailing energy...

Thursday, July 7, 2022, 10:06:00 AM