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Gazprom provides 51% of global growth in gas production

This year's most significant trends are economic recovery and growth in energy consumption. The largest upturn in gas demand is observed at Gazprom's key markets: Russia, China, and European countries

Gazprom provides 51% of global growth in gas production

Source: Courtesy of Gazprom

St.Petersburg, November 24 - Neftegaz.RU. Global gas production between January 1 and September 30 totaled 3.2 trillion m3 – an increase of 110 billion m3 (or 4 %) versus the same period of 2020.
More than half of global growth in gas production – 56 billion m3 (or 51 %) – was provided by Gazprom.

In Europe, indigenous production continues its steady downward slide.
Over the course of 9 months, it dropped by 10 billion m3 (or by 6 %) against the 1st 9 months of 2020.
In North America, gas production fell by 5 billion m3.
In Asia-Pacific, however, it rose by 20 billion m3.

Gazprom announced that over the 1st 9 months of 2021, amid the growing demand and declining indigenous production of natural gas, Europe's gas imports increased by 18 billion m3 (or by 7.5 %) against the same period of 2020.

Over these 9 months, Europe boosted its imports by 31 billion m3 (or by 20.4 %), with about half of this volume (or 48 %) supplied by Gazprom.

At the same time, imports of LNG went down by 13 billion m3 (or by 14.5 %).
Gazprom's share in Europe's total imports of pipeline and LNG during these 9 months exceeded 53 %.

Despite changes in the price environment – climbing gas prices in Asia and Europe – and new initiatives for the decarbonization of the economy, leading research organizations continue to forecast significant increases in global gas consumption in the short and long term.

Source : Neftegaz.RU

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