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Gazprom increased gas exports by 23.2% in 2021

Gazprom’s deliveries are still near the historical record of 2018 (117.1 bcm within 7 months)

Gazprom increased gas exports by 23.2% in 2021

St.Petersburg, August 2 - Neftegaz.RU. In January-July, 2021, Gazprom’s gas exports to the Far Abroad countries reached 115.3 bcm.
The increase year-on-year is 23.2%, or 21.7 bcm.
In particular, the company boosted its supplies:
  • to Turkey (by 203.9%)
  • Germany (by 42.2%)
  • Italy (by 16.2%)
  • Romania (by 318.3%)
  • Poland (by 14.6%)
  • Serbia (by 118.1%)
  • Bulgaria (by 47%)
  • France (by 6%)
  • Greece (by 18.8%)
Gazprom Export's realized European gas price last year was $134/1,000 cu m.
The European gas market had become balanced again in early 2021 and Gazprom was ready to compete with all suppliers to the European market.

The exports to China through the Power of Siberia pipeline also continue growing.
In the longer term, Gazprom sees significant growth in Chinese gas demand, one of the company's core markets.
By 2030, Gazprom expects Chinese gas demand growth of more than 50% compared with 2020.

According to preliminary data, in January-July, Gazprom’s gas production reached 298.2 bcm.
This is by 18.4%, or by 46.4 bcm, more than in January-July 2020.

Source : Neftegaz.RU


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