A brief past of the Gazprom disaster – with a pinch of humor.

Russia closes gas wells after the collapse of exports to Europe The Russian gas manufacture is experiencing a production shock after the failure of the European marketplace to which supplies have fallen to the lowest level in fresh years of the USSR.

According to the results of the first 4th of 2023, production decreased by 10% a year, to 180 billion cubic meters, writes Kommersant , citing sources acquainted with statistics. According to them, in March production besides decreased by about 10% and amounted to 61 billion m six. At the same time, the largest part of the decline concerns Gazprom, which has ceased to disclose production and export statistic since the beginning of this year. "The export situation is disastrous," he told Reuter a origin close to Gazprom.

The decline in exports of the gas monopolist, which led to a simplification in production, was outlined in the spring of last year. Then president Vladimir Putin of the Russian Federation demanded payment for gas in rubles and ordered transportation cut off for those who refused. And that's the most beautiful thing about it. due to the fact that Europe didn't cut out of gas. The Russians shot each other.

How wonderful...

Russia subsequently sanctioned 31 European companies, including the owner of the Polish gas pipeline section Jamal-Europe, EuRoPol GAZ. This prevented his delivery. In September, 3 of the 4 Nord Stream strategy pipelines were disabled as a consequence of the explosions. As a result, only 2 transportation routes to Europe remained: the GTS of Ukraine (approximately 40-42 million cubic metres per day) and 1 strand of the Turkish Stream gas pipeline, whose gas goes to Hungary and Serbia. A full of around 50-60 billion m3 and was 150-170 billion m3. In 1980, the USSR delivered 54.8 billion cubic metres abroad, and in 1985 already 69.4 billion cubic metres. In modern history, gas exports have never fallen below 110 billion cubic metres.

But that's not all. Supply to China will not save Gazprom – the only pipeline of Siberian power in 2023 will export 22 billion cubic meters. Russia will send only 28 billion cubic metres to Europe and Turkey, 3 times little than a year ago (85 billion m3), and that is the essence of this news! Year 2023 to Europe 28 billion m3 with 150-170 billion m3 drop in 3 years. What a spectacular reunion.

Imagine you run a Gazprom like that. any of your coworkers have been learning to fly lately. (They are doing poorly so far) Taxes imposed on you Putin so large that at any point he had to retreat from them himself due to the fact that there was not even a toilet paper at the office so heavy. You look at excellence and you see that you're losing practically all your income from your biggest client.

On top of that, bad engineers and analysts come and talk. Look, we're moving out of deposits in Siberia by 2040, we'll be down 30% if we don't invest in uncovering fresh deposits. You look in the safe and there's the web and the bills (the another ones are inactive growing) 1 expert comes up with the idea:

– “Well, gas and liquefied LNG terminals will be built. All our problems will be solved! “

You think okay that's an idea! But as you look at who in the planet makes specified gas-ships and who has technologies to liquefy gas, you lose your humor. Japanese, Korea, Americans, Europeans. In addition, you request a decade or 2 to build this, and the money is empty today. Well, that's unfortunate. What a terribly unfortunate coincidence.

Maybe Xi could help. But it'll most likely be twice as costly and twice as efficient. And in return, he's gonna want any more discounts... It's hard to manage Gazprom now.