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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Russia's natural gas production fell 16% to 168bcm in the fourth quarter of 2022, compared with the same period of 2021, reflecting a sharp decline in exports to Europe, according to Energy Intelligence.
- Russia’s gas output in 2022 fell by 11.8% on the year to 672bcm, according to sources with access to the official data.
- Gazprom, Russia’s pipeline gas exporter, produced 412.6bcm in 2022, down by 20% year on year, and exports to Europe (incl Turkey) and China fell by 45% on the year to 100.9bcm.
- Gazprom’s production during 4Q22 fell by 27.4% on the year to 99.2bcm and exports to Europe and China declined by 64.4% year on year to 14bcm.
- The decline in exports accelerated in the second half of 2022 after Gazprom slashed flows via the Nord Stream gas pipeline to Germany in the summer and then cut them off completely in late August. Westward flows to Europe via the Yamal-Europe pipeline ended in May after Poland and Russia implemented sanctions against each other.
- Transit flows via Ukraine have fallen in the last few days after starting the new year at around 42 million cubic meters per day, a level that had been stable since last May.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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