Gas is cheaper and there are no buyers: in Russia "stuck" 90 billion cubic meters of gas

The cost of gas in 2023 has already decreased by 50%, so the Russian Federation will not be able to compensate for financial losses by increasing the supply of blue fuel to other markets, including Indian and Chinese. Russia is looking for someone to sell 90 billion cubic meters of its gas, but there are no buyers yet.

After the Russian Federation has lost the European market, the cost of "blue fuel" decreased sharply, and the country received 45% less than in the first five months of 2023 than during the same period last year. About it reports the Bloomberg news agency. Now, according to journalists, the Russian Federation is still in vain to sell almost 90 billion cubic meters.

At the same time, in 2021, that is, before the invasion of Ukraine, the country pumped into Europe about 150 billion cubic meters, providing gas with Germany, France and Austria. In addition, the cost of gas in 2023 has already decreased by 50%, so the Russian Federation will not be able to compensate for financial losses by increasing the supply of blue fuel to other markets, including Indian and Chinese.

According to the publication, due to lack of demand, the Russian Federation was forced in 2023 to reduce gas production by 13%. The revenues of the aggressor country in January-May 2023 decreased compared to the same segment of 2022 by 45% to 710 billion rubles ($ 8. 3 billion). The sanctions of the event were narrowed and complicated, but did not stop exporting energy from Russia. So now China, India and Turkey are the largest exporters of oil and gas instead of Europe.

"The exports of Russian petroleum products have not yet changed, since sanctions against them were imposed only in February 2023. But in the case of Russian petroleum products it will be much more difficult to find alternative markets, except in the presence of large discounts, which can already be seen on the example Delivery to Turkey and even to Brazil and the Gulf country, " - explained the focus in May 2023, the head of the ICU group corporate analysis department Alexander Martynenko.