Germany Proves Russia’s Most Loyal Gas Customer as Price Plunges
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Russia boosted natural gas supplies to Germany by almost 50 percent in the second quarter as prices plunged, while the world’s largest natural gas exporter struggled with weaker demand from its former Soviet allies.
Gazprom PJSC’s deliveries to Germany jumped to 11.7 billion cubic meters compared with 7.8 billion a year earlier, the highest quarterly level since at least 2010, according to data on the Moscow-based exporter’s website. Gazprom’s average gas price at the German border fell 36 percent this year as crude plunged.