Gazprom s export revenue may fall by 50% in 2023 | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Lost European sales could halve the export revenues of Russia s Gazprom this year, meaning a steep reduction in tax income for the state, according to analysts, export data and Reuters calculations.
Kremlin-controlled Gazprom’s gas exports to Europe could fall by around a third this year due to the crisis in Ukraine, rivalry with liquefied natural gas, and plans to switch to rouble payments, analysts said. Russia accounts for around 40% of European gas supply, but the West has been trying to wean itself off Russian energy .