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Market Chatter: Russia's 2026 Gas Outlook Weakens as Europe Exits

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Russia expects natural gas production and liquefied natural gas exports to fall short of earlier 2026 forecasts as Europe prepares to end Russian gas imports, Reuters reported Wednesday, citing an economy ministry draft document.

The economy ministry now forecasts gas output at 683.1 billion cubic meters, down 5.3 Bcm from its May estimate, while LNG exports at 35 million tons fall 5.3 million tons short of its prior forecast. The document projects slower LNG export growth in the coming years, with the forecasts set to guide Russia's federal budget through 2029.

Russia's Ministry of Economic Development did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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