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Topics include Gazprom's struggles post Ukraine invasion, Narendra Modi's potential third term win, cooling US labor market, and Opec+ losing ground in oil price battle.
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- Gazprom faces long recovery period for lost gas sales post Ukraine conflict, may seek government assistance.
- Indian election results show Modi's reduced victory margin impacting ruling party's majority, hinting at unstable governance dynamics.
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Gazprom Struggles with Western Sanctions and LNG Challenges
Gazprom, faced with significant setbacks due to Western sanctions, commissioned a report indicating a lengthy recovery period for lost gas sales during the conflict with Ukraine. Compared to other Russian energy firms, Gazprom's limited production of liquefied natural gas (LNG) has been a major disadvantage amidst sanctions. Analysts predict Gazprom may seek additional funds from the Russian government based on this report, despite low prospects for success.
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