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[Cyprus Times] "Little bell" from Gazprom. The rate of gas production is decreasing

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"Bell tolls" from Gazprom Declining gas production "Ukraine withholds gas from Moldova"

As winter approaches, Gazprom is stepping up its threats to reduce the amount of gas it sends to Europe. On the other hand, on Thursday Gazprom announced a reduction in gas production. Production stood at 394.1 billion cubic meters between January 1 and December 15 - down 19.6% compared to the same period in 2021.

Exports to countries outside the CIS (Commonwealth of Independent States - Former Soviet Republics) fell 45.1% to 97.8 billion cubic meters in the same period, Gazprom also said, according to Reuters.

"Ukraine withholds Moldova's gas"

As for the "cause" of the threat, Gazprom, in a statement on Telegram, noted that some volumes of gas destined for Moldova remain in Ukraine, adding that so far Kiev has illegally accumulated 52.52 million cubic meters of gas destined for Moldova.

According to the same statement, if these "imbalances" persist, Gazprom will start reducing gas supplies to Ukraine from 10 a.m. on November 28. Ukraine's Naftogaz did not immediately respond to a Bloomberg request for comment.

Notably, the Russian company sends about 43 million cubic meters per day to Europe via Ukraine - the last remaining route to Western European markets.

Erdogan talks with Gazprom on Turkish hub

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The head of Russian energy giant Gazprom, Alexei Miller, met with Turkish President Recep Tayyip Erdogan in Istanbul and discussed the prospects for the Turkish gas hub as well as Russian gas supplies to Turkey, Gazprom announced today

Russian President Vladimir Putin had proposed in October that Turkey become a base for gas supplies after the Nord Stream pipelines in the Baltic Sea were damaged in September by explosions. The Turkish president has said he agrees with the idea. In fact, Vladimir Putin and Recep Tayyip Erdogan will hold new talks on Sunday.

Source: in.gr


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