Russia’s Gazprom Ships 8.33 bcm Gas to Europe, Revenues Drop 33.7% to $6.3B as Turkish Stream Falls 47%

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Published Jul 3, 2025, 06:48 PM

Russia's gas exports to Europe have declined sharply, with Gazprom shipping just 8.33 billion cubic meters of gas between January and June 2025, marking the lowest level since the early 1970s. Gas shipments via the Turkish Stream pipeline fell 47% compared to the previous year, leaving Gazprom with approximately 60 billion cubic meters of unsold gas and losses estimated at 1 trillion rubles. Concurrently, Russia's oil and gas revenues experienced a substantial drop in June 2025, falling 33.7% year-on-year to 494.8 billion rubles ($6.29 billion), the lowest monthly revenue since January 2023. The combined oil and gas tax revenues declined by about one-third compared to the previous year, with oil revenues alone slipping nearly 30% to 415.6 billion rubles ($5.27 billion). These declines are attributed to sanctions, weaker global oil prices, and a stronger ruble, which have also reduced Russia's National Wealth Fund by 68%, putting additional strain on the country's war economy.

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NOELREPORTS 🇪🇺 🇺🇦

@NOELreports

🛢 Russia’s oil revenues have plunged to a two-year low, Bloomberg reports. In June, income dropped nearly 30% to just $5.4 billion. Total oil and gas tax revenues fell by a third compared to last year.

MAKS 25 🇺🇦👀

@Maks_NAFO_FELLA

🛢️📉 Russia’s oil revenue in June slumped to a two-year low as global crude prices fell and the ruble strengthened. Proceeds from the oil industry shrank by almost 30% to 415.6 billion rubles ($5.27 billion), - Bloomberg ❗️Russia’s combined revenue from oil and gas taxes fell by