How big are Russian earnings from pipeline gas in relation to oil exports?

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First of, great post. Good explanation and good sources to support the article.


- Would China have any concerns with Russia switching a great part of its gas export to Chinese markets?

- Would a relief or ease of the EU sanctions towards Russian persuade Russia to abandon plans to run gas towards China, or would this now become a future concern?

- Thoughts on the EU proposal to cap prices on Russian gasses?

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Great post - it's clear that this leaves Russia with no short term options for obtaining a large revenue. The stop of flow of Russian gas means that Western countries are free to sanction/cap Russian oil. It would be interesting to compare the economic impact of Russian gas exports relative to oil exports, especially if a discount of 30-50 USD/bbl must be applied.

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