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| Russian gas production slowing – reports | |
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| Energy major Gazprom reported lower output amid falling EU consumption | Energy major Gazprom reported lower output amid falling EU consumption |
| Natural gas production in Russia declined by 11.6% in November compared to the same period last year and totaled 612.9 billion cubic meters (bcm), Vedomosti newspaper reported on Sunday, citing sources in the Energy Ministry. | Natural gas production in Russia declined by 11.6% in November compared to the same period last year and totaled 612.9 billion cubic meters (bcm), Vedomosti newspaper reported on Sunday, citing sources in the Energy Ministry. |
| The decline announced earlier by state-owned energy giant Gazprom has had a negative impact on the overall output dynamics. The company saw gas extraction plunging by 19.4% in eleven months year-on-year to 376.9 bcm, Gazprom reported on December 1, attributing the decline to dwindling consumption in the EU. | The decline announced earlier by state-owned energy giant Gazprom has had a negative impact on the overall output dynamics. The company saw gas extraction plunging by 19.4% in eleven months year-on-year to 376.9 bcm, Gazprom reported on December 1, attributing the decline to dwindling consumption in the EU. |
| Pipeline deliveries, to Europe, Türkiye, and China dropped by 44.5% to just 95.2 bcm in the reported period compared to last year. Gas demand on the domestic market has also weakened by 5.7%, the outlet wrote, citing Gazprom. | Pipeline deliveries, to Europe, Türkiye, and China dropped by 44.5% to just 95.2 bcm in the reported period compared to last year. Gas demand on the domestic market has also weakened by 5.7%, the outlet wrote, citing Gazprom. |
| Meanwhile, despite the overall decline, other Russian energy companies Rosneft and Novatek have reportedly boosted their natural gas production. | Meanwhile, despite the overall decline, other Russian energy companies Rosneft and Novatek have reportedly boosted their natural gas production. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |