cross-posted from: https://lemmy.sdf.org/post/39380875

• Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.
• The nation produced 334.8 billion of natural and associated gas through June, down 3.2% from the same period a year ago, according to Bloomberg calculations.
• Russian gas output is unlikely to see a meaningful recovery absent major new supply deals, as Gazprom won’t be able to send much more exports to China until 2027.

[…]

China, now Gazprom’s single-largest market, has only partially compensated for the lost volumes. Gas exports to the Asian country via the Power of Siberia are expected to rise by over a fifth in 2025 compared to last year, maximizing the pipeline’s design capacity of 38 billion cubic meters per year. In the first half of the year there were days when flows exceeded Russia’s maximum contractual obligations.

[…]

Still, absent major new supply deals, Russian gas output is unlikely to see a meaningful recovery. Gazprom won’t be able to send much more exports to China until 2027, when its Far Eastern route begins operations, while talks over the Power of Siberia 2 project that could double Russia’s total pipeline flows to the Asian country have stalled.

[…]