2022-05-04 12:05:00
GAZPROM PRODUCTION DOWN
GAZPROM - May 1, 2022 - According to preliminary data, Gazprom produced 175.4 billion cubic meters of gas in January-April 2022. This is a decrease of 2.5 per cent (or 4.5 billion cubic meters) versus the same period of 2021.
The Company's domestic supplies from the gas transmission system dropped by 3.7 per cent (or by 4.4 billion cubic meters) over said period of 2022 due to, in particular, warm weather observed in February.
Gas exports to the countries beyond the FSU amounted to 50.1 billion cubic meters, which is 26.9 per cent (or 18.4 billion cubic meters) lower than the figure for the same period of 2021. Gazprom continues to deliver gas under confirmed requests from consumers in full compliance with contractual obligations.
Gas exports to China via the Power of Siberia pipeline keep growing within the framework of the long-term bilateral contract between Gazprom and CNPC. The amount of gas supplied in the first four months of 2022 exceeds the amount supplied in the same period of last year by almost 60 per cent.
According to Gas Infrastructure Europe, gas reserves contained in Europe's underground gas storage facilities were replenished by 6.9 billion cubic meters as of April 29. In order to get the UGS facilities 90 per cent full, which is the target amount announced by the European Union, companies will have to inject another 56 billion cubic meters of gas into the facilities.
Replenishment of gas reserves in Europe's facilities is a major challenge in view of, inter alia, the daily limits placed on injection rates due to the technological capabilities of UGS facilities. Moreover, the overall amount of gas available in the European market is highly dependent on demand in the growing Asian market.
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Earlier:
2022, April, 28, 14:05:00
EUROPE PLAN TO PAY IN RUBLES
Gas distributors in Germany, Austria, Hungary and Slovakia are planning to open rouble accounts at Gazprombank in Switzerland in order to satisfy a Russian requirement for payments in its own currency
2022, April, 28, 13:55:00
GAZPROM GAS PRODUCTION WILL DOWN
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.
2022, April, 27, 11:45:00
EUROPEAN GAS PRICES UP
"As of the end of the business day on April 26, Gazprom Export had not received payments for gas supplies in April from Bulgargaz (Bulgaria) and PGNiG (Poland) in rubles," Gazprom said in a statement.
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.
2022, April, 11, 13:00:00
GAZPROM GERMANIA UNDER TRUSTEESHIP
Germany and Europe's dependence on Russian natural gas supplies cannot be eliminated in the short term without considerable economic damage.
2022, March, 28, 11:50:00
RUSSIAN ASSETS WITHOUT RISKS
"Currently the company's operations and business in Russia are largely running smooth and there are no signs of asset impairment," Sinopec's President Yu Baocai told investors and reporters during a call following its 2021 earnings release.
2022, March, 1, 11:50:00
SHELL LEAVES GAZPROM
The Board of Shell plc (“Shell”) announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.
