Gazprom Announces Gas Production and Supplies Results for Four Months

Source: www.gulfoilandgas.com 7/15/2022, Location: Asia

According to preliminary data, Gazprom produced 249.7 billion cubic meters of gas from January 1 through July 15, 2022. This is a decrease of 10.4 per cent (or 29.1 billion cubic meters) versus the same period of last year.

The domestic demand for the Company's supplies from the gas transmission system went down by 1.9 per cent (or 2.7 billion cubic meters) over said period of 2022.

Gas exports to the countries beyond the FSU amounted to 71.9 billion cubic meters, which is 33.1 per cent (or 35.6 billion cubic meters) lower than the figure for the same period of 2021. Gazprom delivers gas in compliance with confirmed requests.

Gas exports to China via the Power of Siberia pipeline keep growing within the framework of the long-term bilateral contract between Gazprom and CNPC.

According to Gas Infrastructure Europe (GIE), gas reserves contained in Europe's underground gas storage facilities were replenished by 36.9 billion cubic meters as of July 13. Companies will have to inject another 35.5 billion cubic meters of gas into the UGS facilities to get them to the levels observed at the start of the 2019–2020 withdrawal period. Notably, on some days in the first half of July, some European countries, such as Germany and Belgium, saw the amounts of gas withdrawn exceed those injected at their UGS facilities.


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