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Russia's biggest energy company says it'll take it at least 10 years to recover gas sales lost because of the Ukraine war (finance.yahoo.com)

submitted 3 months ago by [email protected] to c/[email protected]

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Russia's gas giant Gazprom won't recover gas sales lost to the Ukraine war for at least a decade.
A study seen by the Financial Times says pre-war export volumes will return by 2035.
Gazprom will likely lose its leading role in Russia's energy sector over time.

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[–] [email protected] 1 points 3 months ago (1 children)

My mistake. They weren't supposed to be estimates, they were supposed to be actual figures, and rather than say "we haven't collected enough data" or "we don't want to give out the actual data" the decision was made to use an outdated extrapolation measure and which was then reported as fact, or if you prefer, allowed to be interpreted as fact.

That's why I was sceptical.

But another comment suggests that China might actually be struggling, and it's that which is the cause of the downturn in usage.

I'd rather it wasn't that. Recessions suck and it's the wrong people (regular citizens) who suffer.

[–] [email protected] -1 points 3 months ago

China was always clear about how they collected their data (admittedly, moreso to the Chinese-speaking audience where they actually described this). Again, the limitations of lack of testing were very pronounced around the world at the start of the pandemic and sticking to verified cases was the only actual data available. R0 was still an open question: how would you have wanted an estimate to be made?