Page 82 - Russia OUTLOOK 2023

• Energy

Gas:

Russia’s Gazprom gas giant produced 412.6bn cubic metres of gas in
2022, the company’s CEO Alexey Miller said. "As for gas output, it stood at
412.6 bcm in 2022. Gazprom exported 100.9 bcm of gas to countries outside
the former Soviet Union," the company’s statement quoted Miller as saying.
Gas production fell by about 20% compared to 2021 and exports dropped by
45.5%. According to the latest data, 243 bcm of gas were supplied to domestic
consumers. "Our priority goal is to ensure gas supplies to Russian customers.
We confidently achieved it, as always," Miller emphasised.

Gazprom's exports to the EU were 100.9 bcm in 2022. This represents a
decrease of 45% compared to 185.1 bcm in 2021 to Europe, of which 155 bcm
was to the EU and the rest to non-EU countries. The halving of supplies to the
EU that will buy more LNG and gas from North Africa and Norway is hurting
Russia's geopolitical ambitions.

With the Nord Stream pipelines out of action Russian deliveries of gas to
Europe are likely to fall to around 50 bcm in 2023 – almost exclusively via
Ukraine (20 bcm) and Turkey (32 bcm).

It remains an open question if Europe will receive sufficient gas to refill its

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