Gazprom’s exports set a new record

Chair of the Gazprom Management Board reported to Russia’s President on the company’s performance in 2018 and plans for 2019.

“In 2018, Gazprom produced 497.6 bln cubic meters of gas, 5.7% more than in 2017,” Gazprom CEO Alexei Miller reported to the President at a meeting. According to the presidential web page, Miller said, “Gas consumption in the domestic market increased by 5.5%. The supply to households and utility companies increased by 4.3%, to electric energy facilities by 9.5%, to agricultural chemicals facilities by 13%, and metal production by 18.5%. The volume of gas exports set another record, reaching 201.8 bln cubic meters, which is 3.8% more than in 2017.”

“Our main partner and client, Germany, significantly increased its gas consumption. Germany’s Russian gas consumption grew by 9.5%. The upward trend in demand for Russian gas continues; therefore, in the medium term the volume of gas supplies to the European market will grow even more. As of the end of 2018, the share of Russian pipeline gas in the European market stood at 36.7%,” Gazprom CEO noted and stressed, “One of Gazprom’s priorities is to ensure sufficient supplies for the autumn and winter period. By the beginning of that period, we had pumped 72.27 bln cubic meters of gas into underground storage facilities, which allowed to safely withdraw 812.5 mio cubic meters of gas every day, the largest volume ever. Overall, at the beginning of the reporting period, the company had increased the daily withdrawal of gas from underground storage facilities by 31% over the past eight years. We plan to withdraw 843.3 mio cubic meters daily in the autumn and winter period of 2019–2020.”

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