Russia could face double-digit drop in gas exports as pandemic cripples demand

The coronavirus outbreak

The coronavirus outbreak and warmer-than-average winter season in Europe may push Russian natural gas exports down by 16 percent this year, Russia’s National Rating Agency (NRA) has warned.

Global demand for blue fuel may contract between four and five percent in 2020 compared to the previous year, marking the worst decline in the last 11 years, Russian newspaper Kommersant reported on Monday, citing the agency’s estimates.

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