Russia Seeks African Gas Markets Amid Gazprom's Decline

• •Russia is targeting Africa for new gas markets as Gazprom's European exports decline.
• •Gazprom's exports are projected to drop significantly, from 185 billion cubic meters in 2021 to 72 billion by 2028.
• •The shift to Africa is strategic, aiming to maintain influence despite reduced export volumes.

Russia is actively pursuing new gas markets in Africa as Gazprom faces significant losses in European exports due to geopolitical tensions following the invasion of Ukraine. Energy Minister Sergei Tsivilyov announced at Russian Energy Week that Russia is prepared to supply gas, explore for deposits, and develop energy infrastructure in African countries. Gazprom's exports have plummeted from 185 billion cubic meters in 2021 to an estimated 77 billion cubic meters for 2026, with projections dropping to 72 billion by 2028 due to an EU ban on Russian gas. Tsivilyov emphasized that Africa represents a long-term market for Russia, though the demand is smaller and more fragmented compared to Europe. The shift to Africa is seen as a strategic move to maintain influence in the Global South while negotiating with China, which is driving hard bargains on gas prices. However, the loss of European markets has left Russia in a weaker bargaining position.