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Market falls, still Gazprom is optimistic

Credit: kremlin.ru

Gazprom CEO Alexei Miller was received by Vladimir Putin, presidential web page reports.

As Miller said, “Gazprom has pumped 72.232 bln cubic meters of natural gas into its underground storage facilities. The daily output since the beginning of the season has set a record: 843.3 mio cubic meters of gas. 2019 production was 500.1 bln cubic meters of gas; 199.3 bln was exported. This is less than in 2018, which was a record year: we exported 201.8 bln cubic meters of gas and preserved our share on the European market at 35.6%. Regarding current market trends, the market has slightly fallen. Still we are optimistic about the third and fourth quarters.”

In 2020, “We plan to build 1,942 kilometers of main gas pipeline and put into operation 114 wells. We plan to increase the volume of underground storage by 180 mio cubic meters of gas,” Miller noted.

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