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Russia expects prices for its natural gas exports to soar 140% this year as Moscow cuts supplies to Europe, report says

1 month ago   |   By Business Insider

Russian President Vladimir Putin Mikhail Svetlov/Getty Images
Russia expects prices for its natural gas exports will soar to $730 per 1,000 cubic meters this year, according to Reuters.
That represents a 140% jump from 2021 and a 39% hike from its previous forecast for 2022.
Gas flows to Europe have steadily declined this year following Russia's invasion of Ukraine.
Russia expects the price of its natural gas exports will more than double this year compared to a year ago, according to an economy ministry forecast seen by Reuters. This year's average price is now seen at $730 per 1,000...
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Europe's top importer of Russian natural gas has lost $12.6 billion this year as Moscow curbs supplies

1 month ago   |   By Business Insider

Gleb Garanich/Reuters
German utility Uniper, Europe's largest importer of Russian natural gas, lost $12.6 billion in the first half of this year.
"We at Uniper have de facto become a pawn in this conflict," CEO Klaus-Dieter Maubach said.
The company required a $15 billion bailout from the German government earlier this year.
German utility Uniper, which is Europe's biggest importer of Russian natural gas, said it lost $12.6 billion over the first half of the year as Moscow cut supplies. Russian energy giant Gazprom has slashed gas deliveries via its Nord Stream pipeline to just 20% of...
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