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Gazprom profits as Russia prospers from Europe’s gas crisis
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theguardian.comAbout 12.7bn cubic feet of gas flowed into Europe from Russia’s state-owned Gazprom last month. The world’s largest gas producer typically supplies more than a third of the needs of countries across the European Union, but in November flows dwindled to a six-year low.
Gas supplies from Russia have fallen well short of pre-pandemic levels for months. The volumes of Russian gas flowing into homes, businesses and storage facilities this year have been almost a quarter below its levels in 2019.
The slowdown has emerged against the backdrop of a global post-pandemic surge in gas demand that has triggered blackouts and record energy market prices across the globe. It also coincides with a surge in Russian aggression towards its neighbours in
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