Gazprom Faces Decade-Long Recovery from Ukraine War Sanctions

Russia's energy giant grapples with plummeting revenues and shifting markets as sanctions reshape the industry.

Gazprom's export revenues have drastically declined due to sanctions imposed after Russia's invasion of Ukraine.
A company-commissioned report predicts that pre-war gas sales levels won't be restored until 2035.
Russia's pivot to China and India for energy exports has not compensated for the loss of European markets.
Sanctions have cut off access to essential infrastructure technology, complicating recovery efforts.
Liquefied natural gas is seen as a potential growth area, but Gazprom lacks the technology to capitalize on it.