Gazprom Shares Hit Lowest Level Since 2009: Assessing Russia's Losses.

Gazprom's Stock Performance

According to UATV: Shares of the Russian energy giant Gazprom have plunged to their lowest point since January 2009, dropping to 105 rubles per share. Since the start of the year, the company's market capitalization has fallen by 16%, and since the beginning of the full-scale war in Ukraine, its stock value has declined by nearly 75%. The primary driver behind this steep decline is a sharp reduction in gas exports.

Gas Exports and Their Consequences

According to the latest data, Gazprom's gas exports to countries outside the former Soviet Union have fallen to 80 billion cubic meters per year—down from nearly 200 billion cubic meters before the war. By 2025, Russia is expected to lose its position as the world's largest pipeline gas exporter.

• Kazakhstan has authorized the forced collection of $1.4 billion from Gazprom in favor of Ukraine.
• Norway has now become the leading supplier of gas by volume.

The situation surrounding Gazprom highlights major shifts in the global energy landscape, particularly Norway's emergence as a key gas provider to Europe. The drop in exports and the company's shrinking market value underscore the serious challenges Russia faces amid new economic realities. These developments could have long-term implications for regional energy security and may alter global gas price dynamics. For an English-speaking audience, this serves as a clear indicator of how geopolitical tensions are reshaping energy markets and reducing Russian influence.