Russia’s Revenues From Gas Still High Despite Supply Cuts To Europe

Russia’s Revenues From Gas Still High Despite Supply Cuts To Europe

From oilprice.com

Russia is to be earning more than $100 million every day from the gas it sells to Europe despite the slashed deliveries to major EU consumers in the past week, according to data from Independent Commodity Intelligence Services (ICIS) cited by Bloomberg. Due to the rallying natural gas prices, Russian revenues from gas exports are believed to be equal to the revenue last year, when Moscow wasn’t limiting gas flows to Europe and wasn’t (yet) on a collision course with the EU. “It’s shocking to see that, despite the 75% cut in daily supply by Gazprom to Europe, the daily receipts are still in line with where ... (full story)

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