Gazprom Eyes Fast-Growing Chinese Market As Its Exports Plunge By 50%

Gazprom’s natural gas exports this year have fallen by close to 50 percent to 100.9 billion cubic meters outside the former Soviet Union, Bloomberg reported this week, citing a statement by the giant’s chief executive Alexander Miller. This is the lowest since 2000, the report noted. The drop was the result of a combination of events, including Russia’s reduction of pipeline flows to Europe following the barrage of sanctions the EU directed at Moscow after the latter invaded Ukraine. Another reason for the drop was the EU’s…