Russia’s Novak: Russia ready to resume gas supplies to Europe via Yamal-Europe pipeline – by anilpanchal7 RussianFederation Oil NewsTrading RiskAppetite Europe
“Novak, in remarks published by the agency on Sunday, also said that Moscow expects it will have shipped 21 billion cubic metres of liquefied natural gas to Europe in 2022,” adds Reuters. The policymaker was previously quoted saying that Russia will be able to produce at least 490-500 million tonnes ofin 2023.
“Russia will produce such volumes of oil even under the new EU oil embargo imposed on December 5, and after a similar measure on oil products starts working on February 5,” adds Reuters to the news. Despite signaling an increase in oil, Russia’s Novak suggested a slump in gas output and exports during 2022. “Russia will reduce natural gas production and exports in 2022 due to the shutdown of export infrastructure, TASS news agency cited Russian Deputy Prime Minister Alexander Novak as saying on Monday,” per Reuters. "Gas production by the end of the year will be 12% less than in 2021, and exports will drop by about a quarter. This is primarily due to the shutdown of export infrastructure," Novak said an interview with TASS, the Reuters news added.The news should have probed the WTI crude oil buyers around the three-week high near $80.00. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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