Gazprom is gradually strengthening its position as a key gas exporter to south-eastern Europe.
More record gas prices on the EU market. On Monday, the price exceeded USD 650. There is a shortage of gas, and the storage facilities in many countries are not ready for winter.
According to EU documents, the cut-off date for the use of Russian gas in the Community is 2046.
Gazprom has reported that in the first eight months of the year, exports of “blue fuel” to non-CIS countries increased by 21.5%.
The United States became the first largest supplier of liquefied natural gas (LNG) to the European market in the first quarter of 2021, overtaking Qatar.
The April Gas Market Report of the International Energy Agency shows that demand for natural gas should increase by 3.2% compared to 2020.
Due to limited production, Europe has long been dependent on natural gas imports from other countries, with the largest volumes of EU gas traditionally flowing from Russia.
The Russian company increased its gas supplies to Europe by almost 30 percent in the first period of 2021.