Russia's Gas Production Collapses to Late-Stage USSR Levels

Newsweek ^ | Sept. 30, 2023 | Brendan Cole

[canuck_conservative]

The country's state energy giant Gazprom said in its latest report that gas production in the first half of 2023 was 179.45 billion cubic meters (bcm). Gazprom added that this represents a year-on-year decrease of nearly a quarter (24.7 percent), and a 26.5 percent drop in gas supplies to the domestic and foreign markets...

The invasion also pushed Europe to cut purchases of Russian oil and gas drastically. The continent overcame an energy crunch last winter, in part by reducing energy consumption and finding other suppliers, such as sellers of seaborne liquefied natural gas (LNG)...

Independent Russian-language news outlet Agentstvo reported that Gazprom "has never had such a low production rate in its entire history" and that "the last time there was similar figure was in the Soviet Union in 1978," a year when 372.1 bcm were produced...

O'Donnell said that the increase in supplies of US LNG helped by Norway and Qatar meant that "the EU didn't have to cave in when Putin cut the gas flows."

"So, that business is now lost to Putin," O'Donnell said, although the EU will face higher prices of new global LNG coming online.

"For Moscow, without new, hugely expensive pipelines all the way to China, this huge Russian gas resource will remain a stranded asset," added O'Donnell, a global fellow with the Wilson Center think tank...

Meanwhile, Gazprom's report reinforces predictions by Russian state bank VEB, reported by Reuters in September, that Russia's pipeline natural gas exports to the European Union may fall to 21 bcm, almost two-thirds lower than last year and a six-fold drop from 2021.

VEB said that Russian gas exports to Europe are expected to fall to 15 bcm in 2026...

[fireman15]

irrelevant, Russian stooge

Congratulations, you are likely the leading name caller on this site by a significant margin.

Russian gas production is likely down around 10% in 2023 because of the destruction of the Nord Stream pipelines. But the prices that they have been getting for their exports of energy products, fertilizer and food have been up. So their economy appears to outside observers to be doing well. None of the usual statistics can now be counted on since Putin and his trading partners have switched to various under the table schemes.

[canuck_conservative]

Gazprom says you’re a liar

and I’m thinking they have a better grasp of the reality than you do, since they run the country’s gas industry, and you don’t

[fireman15]

Gazprom says you're a liar

Gazprom is mostly owned by the Russian government. The Russian government is in the process of subverting every “sanction” and “price control” that has been imposed against them. In other words, Gazprom reports whatever Putin tells them to report. It is interesting that you now believe that Putin is so trustworthy. Is this a new development, you Putie loving fool.

[canuck_conservative]

OK, so you’re saying Putin is a liar?

[fireman15]

OK, so you're saying Putin is a liar?

Just a couple of tests for you...

You have two coins that equal 30 cents, and one of them is not a quarter. Which coins do you have?

The answer is in reverse...

)retrauq a t’nsi taht eno eht si lekcin eht( lekcin a dna retrauq A

Would you buy a used car from this man?

[canuck_conservative]

can’t answer a simple question?

what are you hiding?

[NorseViking]

And the problem is? The gas is not piped through pipelines on the cheap anymore.
It is converted into LNG and shipped at high market prices wherever customers are or converted into plastics and fertilizers that make for much more added value and create a great deal of jobs. That’s money and jobs Europe and US are losing. Check out how the German chemical industry is doing.

[fireman15]

can't answer a simple question? what are you hiding?

Oh my goodness! You really are much slower on the uptake than I could ever have guessed. If you want the answer to your "simple question" then I guess you are going to have to watch this 5 second clip of John Wayne from the 1956 movie, The Searchers. If you can't glean it from that and my reference to used car salesmen, then I am not sure why anyone bothers to try and explain anything to you.

https://youtu.be/dy_v_MtPx0A

[Kazan]

NATO Testing Waters on Buffer Zone as Ukraine Offensive Grinds to Halt

Update for the conflict in Ukraine for October 2, 2023

< - Ukraine’s offensive is now at the 4 month mark, exhausting its potential and failing to achieve any of its objectives;

- The Western media admits that Russia has actually gained more territory this year including during the Ukrainian offensive despite being on the defensive;

- Russia continues degrading a variety of Ukrainian military capabilities the West cannot sufficiently replace while maintaining pressure along the line of contact;

- Both the Russian economy and its military industrial base are admittedly growing while Ukraine and its Western sponsors exhaust their stockpiles, lacking the ability to renew them;

- The West continues talking about building military industrial projects within Ukrainian territory, with the UK recently claiming they may send British troops to “train” Ukrainians in Ukraine;

- This appears to be the foundation for creating a “buffer zone” within western Ukraine, similar to the US-Turkish occupation in Syria, meant to freeze the conflict;

[dforest]

Russia is still selling to Germany. Though not through Nordstream.

[canuck_conservative]

“updates”

bwaaahahaha!!

that’s nothing but the usual Russian lies & propaganda, with no proof provided for any of it

if Russia is that desperate, it must be losing!

[Kazan]

So, the NYT is spreading Russian lies and propaganda and undermining the Biden regime?

Time to put up or shut up and make the same bet Megan C. made with me:

I say Russia withdraws from the occupied territories by February 29, 2024.

If not I pay up. If so then you do.

Got the guts?

[canuck_conservative]

Time to put up or shut up

says who? you?

LOL, no thanks, I don't bet with people I don't trust

are you saying Russia voluntarily withdraws?

or is booted out?

I've already said this war will last at least 7 years ... with Putin dead at the end ...