The war has drastically reduced Russia’s gas exports to Europe, prompting the Kremlin to seek alternative markets. However, China, cautious of over-reliance on Russia, cannot fully replace Europe’s demand. Putin’s plan to leverage gas deliveries to Europe has backfired, forcing him to pivot towards China for sustenance.
Gazprom, once a potent tool in Putin’s foreign policy, now faces a historic low in production. The company’s misalignment with LNG production and export has limited its capabilities. Putin’s attempts to bolster Gazprom’s international standing have faltered after Europe’s resilience to supply cuts.
While China offers potential, it cannot fully compensate for Europe’s demand. Gazprom’s market value has plummeted, making a recovery unlikely. The company’s production is at its lowest in 30 years, revealing vulnerability to international pressure and Putin’s strategic decisions.
China’s lessons from Europe’s dependence on Russia have led to cautious energy imports. A third gas contract with China is uncertain, as Russia’s negotiating position weakens. Gazprom’s significance to Putin persists, but investment in LNG export capacity is now recognized as crucial.
In pursuit of a new market, Gazprom eyes Turkey, proposing a “gas hub.” Meanwhile, domestic gas supply yields little profit. Russia’s energy landscape is shifting, and Gazprom’s influence faces uncertainty.
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Since the Russian invasion of Ukraine, Europe has decreased its gas demand by 20 percent, reaching the lowest level in a decade. Consumption has been curbed, and gas from Russia has been replaced by LNG (liquefied natural gas). The decline has been particularly noticeable in large countries such as Germany, Italy, and the United Kingdom, […]
With the aim of ensuring a smooth post-Chinese New Year return, the central bank has moved its pieces in advance by implementing the most significant cut in interest rates, particularly on the prime rate crucial for the chain of mortgage loans. Currently, the calming effect is observed mainly in the stock markets. The Shanghai Composite […]
There appears to be no halt in the upward trajectory of cocoa bean prices. In 2023, cocoa emerged as the top-performing commodity, skyrocketing by 65%. Just two months into the new year, there’s already another surge of over 40%. This places cocoa, the vital ingredient for chocolate, at the forefront of Bloomberg’s data aggregator overview […]
Blockchain technology is still in an exploratory phase in the European financial sector, but widespread adoption in wholesale payments is expected in the coming years, prompting central banks to take action. This was stated by European Central Bank member Piero Cipollone while opening the 30th Assiom Forex Congress in Genoa, emphasizing that “central banks cannot […]
Heineken and Pernod Ricard are expected to face their quarterly earnings test this week. An appointment that, in case of disappointing results, would definitively certify that inflation is now making its presence felt in consumers’ wallets. Both producers, like other competitors in the sector, have been exposed for some months to a declining market, albeit […]
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