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Italy Overtakes Turkey Among Top Russian Gas Buyers in 2019
Italy Overtakes Turkey Among Top Russian Gas Buyers in 2019
17 Feb 2020, 06:46 AM IST
(Bloomberg) -- Italy overtook Turkey as Gazprom’s second-biggest buyer of natural gas last year, the Russian company said.
Gazprom’s exports to Germany, its biggest customer and the target of U.S. pressure over the Nord Stream 2 pipeline, declined by almost 9%. Turkey slipped to third, according to Gazprom’s annual earnings report.
Gazprom exports to western Europe fell 9.3% to 147.4 billion cubic meters. A warm winter and competition with liquid natural gas — an alternative promoted by the Trump administration — limited demand.
To contact the reporter on this story: Dina Khrennikova in Moscow at dkhrennikova@bloomberg.net
To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net
©2020 Bloomberg L.P.
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