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2022-04-28 13:55:00

GAZPROM GAS PRODUCTION WILL DOWN

GAZPROM GAS PRODUCTION WILL DOWN

REUTERS - April 28 - Russia's Gazprom (GAZP.MM) expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the impact of sanctions on Russia.

Markelov said the group expected output to fall to 494.4 billion cubic metres (bcm) from 514.8 bcm last year, without elaborating. This would be Gazprom's lowest production since 2017 when it stood at 471 bcm.

Russia is struggling to weather Western sanctions imposed following the start of what Moscow calls a "special military operation" in Ukraine.

Gazprom halted gas supplies to Poland and Bulgaria on Wednesday in a payments row with Europe, which is trying to wean itself off Russian energy. 

Russia's Economy Ministry expects oil and gas production to fall this year, according to a document seen by Reuters, with gas output declining to 702.4-720.9 bcm from 763.5 bcm in 2021.

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Earlier:

GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 26, 14:15:00
RUSSIAN GAS VIA UKRAINE CAN DOWN
Shipments of Russian gas via the Ukrainian network have continued unaffected since Moscow's invasion on Feb. 24.
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 25, 14:35:00
RUSSIAN GAS FOR ROUBLES IS POSSIBLE
"EU companies can ask their Russian counterparts to fulfil their contractual obligations in the same manner as before the adoption of the decree, ie. by depositing the due amount in euros or dollars," the EC said in the document.
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 22, 11:30:00
RUSSIA OIL EXPORTS UNCHANGED
Combined, Russia's seaborne crude and key oil products exports stood at 6.79 million b/d so far in April, down 640,000 b/d from 7.43 million b/d in February,
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 22, 11:25:00
RUSSIA'S OIL PRODUCTION 10.1 MBD
Oil production averaged 10.1 million barrels a day between April 1 and April 19, with the average production for the month forecast at 10 million barrels a day, down from the March average of 11.01 million barrels a day.
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 15, 12:00:00
RUSSIAN GAS IN ROUBLES BREAK SANCTIONS
Putin's decree imposed an obligation on EU gas buyers to open at least two special accounts - one for euros or dollars and one for roubles - with Gazprombank and channel all gas payments through the bank.
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 6, 11:45:00
RUSSIAN GAS TO EUROPE
Gazprom said the request for gas exports to Europe through Ukraine had been set at 108.3 million cubic metres for April 6, similar to the request for April 5.
GAZPROM GAS PRODUCTION WILL DOWN
2022, April, 1, 11:30:00
RUSSIAN GAS FOR EUROPE IS STABLE
But there was no sign on Friday of an immediate interruption. Flows remained steady through two of the three main pipelines bringing Russian gas into Europe - Nord Stream 1 across the Baltic Sea, and into Slovakia over Ukraine.
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Tags: RUSSIA, GAZPROM, GAS