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From January through August Gazprom increased gas exports outside the former Soviet Union by 19.4%

The company expects that low filling of UGS in Europe will continue influencing on gas prices in the 2nd half of the year

 From January through August Gazprom increased gas exports outside the former Soviet Union by 19.4%

Source: Courtesy of Gazprom

St.Petersburg, September 2 - Neftegaz.RU. Gazprom announced that the company produced 337.2 billion m3 of gas in January–August 2021, which is 17.9% (or 51.2 billion m3) more than in the same period of 2020.
Gazprom ramped up its domestic supplies from the gas transmission system by 10.9% (or by 15.6 billion m3) over said period of 2021.

The company increased its gas exports to the countries beyond the FSU to 131.3 billion m3.
Thus, Gazprom is maintaining the amounts of its gas supplies near the all-time high level (133.3 billion m3 for the same period of 2018).
This is higher than the figure for the same period of 2020 by 19.4 % (or by 21.3 billion m3).

Specifically, in the period from January through August 2021, Gazprom increased gas supplies:
  • to Turkey (+173.6 %)
  • Germany (+39.3 %)
  • Italy (+15 %)
  • Romania (+344 %)
  • Serbia (+123.9 p%)
  • Poland (+12 %)
  • Bulgaria (+50.9 %)
  • Greece (+15.8 %)
  • Finland (+22.7 %)
Gas supplies to China via the Power of Siberia pipeline continue growing as well.
For instance, on August 26, daily supplies topped the absolute record for the 4th time this year, exceeding the daily contractual obligations by more than 5%.

According to Gas Infrastructure Europe, the level of reserves in European UGS facilities remained the lowest in many years as of August 30, 2021.
Last year, the withdrawal season at Europe’s UGS facilities started on October 12.

If the current rates of injection persist, it can be expected that there will be about 78 billion m3 of gas in these UGS facilities by October 12.
This means that 25 % (or 17 billion m3) out of the 66.2 billion m3 of gas that had been withdrawn in the last season will remain unreplenished.

At the current rates of injection, Ukraine’s UGS facilities are expected to contain 30 % (or 8 billion m3) less gas by October 12 versus last year.

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