The Minister of Energy of the Russian Federation Alexander Novak has announced good news for the national energy sector. The fact is that the share of Russian gas in the European market has risen to a serious figure of 45%.
For comparison, in 2018, Gazprom’s share in the EU was about 37%. The share has been gradually increasing since the start of LNG supplies from Yamal LNG.
Last year, oil production in the Russian Federation increased to 560 million tons. Gas production grew by almost 2%, amounting to 738 billion cubic meters.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group