Gazprom’s Exports Plunge to Seven-Year Low As Output Rises (1)

Gazprom PJSC’s daily gas exports to its most important markets fell in January to the lowest since early 2015, despite higher production.

Russia’s pipeline gas deliveries to Europe, which meet around a third of the continent’s demand, are in focus amid concern that flows to an already energy-starved region could be disrupted if geopolitical tensions over Ukraine escalate. The market is also closely watching for any potential sanctions that could be imposed on Gazprom’s controversial Nord Stream 2 pipeline, which is awaiting regulatory approval before it can begin operating.

Last month, Gazprom exported 11.4 billion cubic meters of gas ...