Russia has nowhere to put gas after losing the European market

According to hvylya.net: Gazprom is currently facing a crisis due to excess unsold gas. After losing the European market and unsuccessful negotiations with China, the company is struggling with the allocation of colossal volumes of gas. The lack of exports is rapidly affecting Gazprom's financial results, turning 2023 into a year of the largest losses.

Energy market expert Mikhail Krutikhin describes the company's situation as 'desperate'. According to him, Gazprom is unable to effectively monetize the accumulated gas reserves, and there is no longer trust in it as a reliable supplier.

Recent events in the export market and negotiations indicate that Gazprom's crisis may exacerbate. The deterioration of the situation could lead to further declines in export volumes to Europe and failures in communications with China. In the context of rising tariffs for the population and ineffective projects, the company may face quite serious difficulties in overcoming the crisis.

The crisis at Gazprom is due to excess unsold gas, the loss of markets in Europe and China, which affects the company's financial results and calls into question trust in it as a reliable gas supplier. Future forecasts are also not optimistic, which could lead to further exacerbation of the situation at Gazprom.