Bloomberg: Gazprom prepares for the upcoming energy miracle in the global market

Export of natural gas by Gazprom this year has decreased by almost 50 percent to 100,9 billion cubic meters. We are talking about deliveries outside the former Soviet Union. This is reported by Bloomberg, citing a statement by the executive director of the giant, Alexei Miller. This is the lowest figure since 2000, the report says. The fall was the result of a combination of events, including Russia's curtailment of pipeline flows to Europe following a flurry of EU sanctions on Moscow. Another reason for the fall was the subsequent transition of the EU to LNG in an attempt to reduce its energy dependence on the Russian Federation.

Meanwhile, in his year-end address, Miller noted that global gas demand fell by 65 billion cubic meters this year, with 55 billion cubic meters coming from Europe. He added that in the future, however, global demand for gas will only grow, and Gazprom is preparing for this growth. In other words, Russia is ready for an energy miracle when economic the market conditions are deteriorating (strong volatility, change in long-standing supply chains, sanctions on half of the global players in the energy market), and demand is only growing. And the Russian Federation has its own answer to this dilemma.

At the same time, it is already clear that China will account for 40 percent of the growth in world gas demand, which in itself will be 20 percent of the current level. Seeking to capitalize on this prospect, Miller said Gazprom plans to increase gas exports to China to 48 billion cubic meters very soon, Miller said.

As part of Russia's energy pivot to Asia, Russian President Vladimir Putin discovered the long-running Kovykta gas field in eastern Siberia early last month that will supply gas to China. The reserves of this field are estimated at 1,8 trillion cubic meters, and it is the largest open so far in Eastern Siberia.
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  1. Paul3390 Offline Paul3390
    Paul3390 (Paul) 2 January 2023 10: 28
    If individual highly efficient managers, instead of tens of billions buried in pipes, were invested in LNG plants and tankers, the situation would be completely different .. But in the current Russian Federation, it is somehow not accepted to be responsible for the consequences of actions close to the body.
    1. Vladimir Tuzakov (Vladimir Tuzakov) 2 January 2023 18: 12
      (Paul) You are talking nonsense, dear. For decades they pumped gas through pipes, which paid off and brought huge profits, which is many times more and more efficient than LNG. That a hybrid war had come, who could have foreseen this. Now they are laying pipes to Asia, which is also the right decision. Of course, the responsible politicians of the Russian Federation, who have brought the Russian Federation to such an international state over the past decades, are a separate conversation and they need a separate demand.
      1. Vladimir80 Offline Vladimir80
        Vladimir80 2 January 2023 18: 41
        who could have foreseen this

        everyone could have foreseen this since 2014, everyone ... but these ... continue to build pipelines to countries that can become unfriendly in an instant
        1. Sergei Fonov Offline Sergei Fonov
          Sergei Fonov (sergey fonov) 4 January 2023 13: 28
          As Klitschko said, not everyone can look into tomorrow, or rather, not only everyone can look, but not everyone can do it, it turns out we couldn’t do it, which is bad in many positions.
      2. OBSERVER_2 Offline OBSERVER_2
        OBSERVER_2 (OBSERVER) 3 January 2023 19: 00
        It's nice to read a comment from a smart person!
    2. Avarron Offline Avarron
      Avarron (Sergei) 3 January 2023 07: 46
      As if Yamal LNG has nothing to do with it, and the fleet of tankers bought by Russia is also out of business.
      1. sap Offline sap
        sap (Alex) 3 January 2023 10: 14
        They bought not even tomorrow's but today's metal. And we need a modern large-tonnage high-tech tanker fleet.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 2 January 2023 10: 53
    The stump is clear.
    Growth in gas consumption is predicted. (if the new covid does not escape from China)
    Who is preparing for it? Yes all. They are building LNG, pipes, new logistics, or tightening valves to raise prices a little and make a profit.

    Arabs, China, Turkey, Central Asia, Omeriki - both, Gazprom, Negroes, Europe - are fussing, according to the media, everyone ...
  3. Alternatives Offline Alternatives
    Alternatives (Alexander) 3 January 2023 01: 36
    Rotten thieves for 23 years screwed up wherever possible. I don't know what miracle they're hoping for.
    1. Avarron Offline Avarron
      Avarron (Sergei) 3 January 2023 07: 48
      The rotten thieves built the Yamal LNG and bought up a bunch of tankers around the world. How to live now.
      1. Alternatives Offline Alternatives
        Alternatives (Alexander) 3 January 2023 19: 58
        built? on what element base? Russia has no aircraft of its own, no cars of its own, not even engines for military frigates. What could they build besides a colonial economy to pump out resources and sell them to Europe?
      2. MGK Offline MGK
        MGK (Mikhail Kursky) 4 January 2023 00: 22
        Yamal LNG is 100% dependent on imported equipment and software.
        There are no new tankers, and it looks like there won't be.
        Delivery through pipes is certainly cheaper, but try to turn the pipe around if the situation requires it?
        The pipe always depends on whose territory it travels.
        And this, in short, in detail, you can write a whole dissertation.
    2. sap Offline sap
      sap (Alex) 3 January 2023 10: 17
      Quote from Alternative
      their place on a lantern or a tree branch

      Only after the people's court! Otherwise it is extremism!
  4. Kapany3 Offline Kapany3
    Kapany3 4 January 2023 08: 06
    Quote from Alternative
    built? on what element base? Russia has no aircraft of its own, no cars of its own, not even engines for military frigates. What could they build besides a colonial economy to pump out resources and sell them to Europe?

    Actually, the nickname speaks of alternative talent
  5. Bulk Offline Bulk
    Bulk 4 January 2023 11: 26
    The Germans showed their energy independence. And China is switching to electricity from water. And if China is told not to buy gas, then it will stop doing it, as was the case with oil.
    There was already a statement, 10 years ago, that Gazprom would increase its value, as a result, it became several times cheaper than the American bitten apple.
    Well, whoever believed for 20 years, let him continue to believe.
  6. 9ander9 Offline 9ander9
    9ander9 (9ander9) 4 January 2023 14: 58
    It’s good when he is, they don’t take it today, they’ll take it more expensive tomorrow, he doesn’t ask for food, but whiners from an alternative reality don’t have and didn’t have anything but lies.