Business News Asia
Gazprom, the Russian state-owned energy giant, said on April 10 that it would export gas through Ukraine to Europe as usual on orders from European customers. This has allayed fears of energy shortages following the start of Russia’s offensive against Ukraine.
According to Gazprom, gas orders from Europe on April 10 were 79.6 million cubic meters, slightly higher than the 78.3 million cubic meters of the previous day.
Russia is the world’s second largest oil exporter and sells most of its crude oil to European refineries. It is also Europe’s largest supplier of natural gas, selling about 35% of its gas to Europe. Ukraine is a major player in European energy security, as Russia channels huge amounts of gas through Ukraine to Europe.