Russian Natural Gas Production Expected To Hit All-Time High This Year

Russia’s natural gas production is expected to hit an all-time high this year, beating the 2021 record, yet this winter season’s deliveries to Europe have been much lower than usual. In 2021, Russia’s natural gas production is estimated to have increased by 10 percent year over year to reach a record of 762 billion cubic meters (bcm), the International Energy Agency (IEA) said in its quarterly Gas Market report on Monday. Gas giant Gazprom alone accounted for 80 percent of the rise in gas production, with its output nearing 513…