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The U.S. and Russia have been the predominant producers of natural gas. [1] Russian natural gas production (red) and exports (black), 1993–2011 [needs update]. In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year. [2]
January gas supplied by Russia to Europe was 1.7b m3 compared with 13b m3 average per month for the 2021 year. [32] The price of natural gas in Europe fell to an 18-month low in mid February of €49pmh with gas storage across the European Union at 65% capacity, well above the average of 45% at this time of year. [33]
On 26 April, Russia announced it would cut off natural gas exports to Poland and Bulgaria because of their refusal to pay in rubles. On 21 May, Russia halted all of its gas exports to Finland for the same reason. [38] Natural gas prices are expected to remain extremely volatile in the current context of market uncertainty.
Europe's economic crisis deepened Monday as Russia further squeezed energy supplies to the continent, with German electricity prices soaring 23%. European natural gas prices surge 36% after Russia ...
Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be ...
Europe is short of natural gas — dangerously short. Russian President Vladimir Putin has promised to help fill European gas storages as energy prices soar — but supply shortages and political ...
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, ... Currently, Europe's main natural gas supplier is Russia. [28]
Major natural gas pipelines from Russia to Europe Sources of European natural gas, 2010–2017. Russia (dark brown) was the source of 35% of total EU natural gas consumption in 2017. Europe consumed 512 billion cubic metres (18.1 trillion cubic feet) [a] of natural gas in 2020, of which 36% (that is, 185 billion cubic metres or 6.5 trillion ...