Tritonix.ai

News / Korea / yonhap_finance

Russia's Gazprom Sees 70% Surge in Gas Exports to Central Asia

Energy Minerals · Oil & Gas Production · yonhap_finance · 2026-09-09

Gazprom is aggressively pivoting to Central Asian markets as Western sanctions restrict European access, with exports to the region jumping 70% this year.

What Happened

Gazprom's Strategic Pivot: Russian energy giant Gazprom has significantly ramped up natural gas exports to Uzbekistan, Kazakhstan, and Kyrgyzstan. Following the loss of European markets due to sanctions, the company has successfully redirected its supply chains, resulting in a 70% year-on-year increase in exports to these Central Asian nations.

Rising Demand in Uzbekistan: Uzbekistan, once a major gas exporter, has transitioned into a net importer due to rapid population growth and industrial development. The International Energy Agency (IEA) projects that Russian gas exports to the country will reach 10 billion cubic meters this year, highlighting a deepening energy dependency.

Regional Market Dynamics: Kazakhstan continues to import Russian gas to supplement its own needs, as it prioritizes gas reinjection to maximize oil production at its major fields. Meanwhile, Kyrgyzstan has secured its energy future by signing a long-term agreement with Gazprom to receive power-generation gas through 2040.

Global Market Shift: While Russia has lost its position as the world's top gas exporter to the United States since the onset of the Ukraine war, it remains a dominant player in the Asian market. With China remaining its largest customer outside the former Soviet bloc, Russia is increasingly focusing on Asian integration to offset the loss of its traditional European customer base.

Read original

More in Energy Minerals

Formosa Petrochemical Leads Group with 50% Revenue Surge as Oil Prices Rally

Energy Minerals · cnyes · 2026-09-09

Formosa Petrochemical's shares jumped over 9% after reporting a 50.3% year-over-year revenue increase, fueled by rising global oil prices amid Middle East tensions.

1301, 1303, 1326, 6505

Formosa Petrochemical Leads Formosa Group's August Revenue Growth with 8% Stock Surge

Energy Minerals · economic_daily · 2026-09-09

Formosa Petrochemical reported strong August revenue growth driven by higher oil volumes and prices, sparking an 8% rally in its share price.

1301, 1303, 1326, 6505

Global Oil Prices Near $100 as Middle East Tensions Threaten Domestic Inflation

Energy Minerals · yonhap_finance · 2026-09-09

Rising global oil prices are putting pressure on South Korea's inflation, prompting the government to consider extending price caps to stabilize the market.

Latest in Korea

Institutional Investor Net Buying Trends on the KRX (Oct 9)

Electronic Technology · yonhap_finance · 2026-09-09

A breakdown of the top stocks bought and sold by institutional investors on the Korea Exchange, with Samsung Electronics leading the net buying list.

Nexon Games Shares Rebound After Project Cancellation News

Technology Services · yonhap_finance · 2026-09-09

Nexon Games shares saw high volatility today after the company announced the cancellation of 'Project DX', eventually closing flat.

225570

US States Roll Back Data Center Tax Breaks Amid Public Backlash

Technology Services · yonhap_finance · 2026-09-09

Multiple US states are reconsidering or eliminating tax incentives for data centers as public opposition and fiscal concerns grow.

KRX to Launch After-Market Trading Session Starting Oct 14

Finance · yonhap_finance · 2026-09-09

The Korea Exchange will introduce an after-market trading session from 4 PM to 8 PM, allowing real-time transactions after the regular market closes.