Russia has nowhere to put gas after losing the European market.
Gazprom is currently facing a difficult situation due to large gas surpluses that cannot be sold. This happened due to the loss of the European market and failures in negotiations with China. Such issues have led to financial difficulties for the company, and experts predict that 2023 will be a year of significant losses.
Oil and gas market expert Mikhail Krutikhin says that the situation in Gazprom is 'desperate'. He explains that the company has problems selling accumulated gas reserves, and trust in it as a reliable supplier is gradually diminishing.
Recent events in the gas market show that the crisis in Gazprom may worsen. This may lead to further reductions in export volumes to Europe and failures in relations with China. In the context of rising tariffs for the population and ineffective projects, the situation is becoming more complicated.
Gas surpluses, market losses, and financial difficulties have led to a crisis in Gazprom. This has undermined trust in the company as a reliable gas supplier, and future forecasts also do not look optimistic.
The crisis in Gazprom arose due to excess unrealized gas, loss of markets in Europe and China, which led to financial problems for the company and undermined its trust as a reliable gas supplier. Future forecasts do not look optimistic, which threatens further escalation of the crisis in Gazprom.Read also
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