A recent internal report reveals Gazprom's daunting task of regaining pre-war export revenue levels by 2035 due to sanctions impacting Russian oil and gas exports. The report underscores the uphill battle Gazprom faces amid significant losses and the need to explore alternative markets for gas shipments. In 2023, Gazprom incurred a significant loss of 629 billion roubles ($7.1 billion), a stark contrast to its $12.9 billion net profit in 2022, triggered by being shut out of the Western European export market. With a steep 55.6% drop in gas exports to Europe in 2023, Gazprom aims to ramp up exports to around 50-75 billion cubic meters annually by 2035, only a third of pre-war levels. Despite efforts to pivot towards markets like China, negotiations for the Power of Siberia-2 pipeline face challenges, leaving Gazprom's future outlook uncertain.