2022-08-19 08:45:00
GAZPROM'S PRODUCTION IS 13% LESS
GAZPROM - August 16, 2022 - According to preliminary data, Gazprom produced 274.8 billion cubic meters of gas from January 1 through August 15, 2022. This is a decrease of 13.2 per cent (or 41.7 billion cubic meters) versus the same period of last year.
The domestic demand for the Company’s supplies from the gas transmission system went down by 2.3 per cent (or 3.6 billion cubic meters) over said period of 2022.
Gas exports to the countries beyond the FSU amounted to 78.5 billion cubic meters, which is 36.2 per cent (or 44.6 billion cubic meters) lower than the figure for the same period of 2021. Gazprom delivers gas in compliance with confirmed requests.
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 supplies are regularly in excess of the daily contractual volumes.
According to Gas Infrastructure Europe, gas reserves contained in Europe’s underground gas storage facilities were replenished by 48.6 billion cubic meters as of August 14. Companies will have to inject another 23.8 billion cubic meters of gas into the UGS facilities to get them to the levels observed at the start of the 2019–2020 withdrawal period.
It should be noted that gas prices at Europe’s spot exchanges have gone above USD 2,500. As per conservative estimates, if the trend persists, the prices will exceed USD 4,000 per 1,000 cubic meters in winter.
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Earlier:
2022, August, 15, 12:25:00
EUROPEAN ENERGY APOCALYPSE
Berlin is already under serious pressure after Russia cut flows through Nord Stream 1, the key connector with Europe, which is currently running at just 20 per cent capacity.
2022, August, 15, 12:20:00
RUSSIA NEED GUARANTEES
"Russia needs official confirmation that this and other turbines, which require routine maintenance and repair, will not fall under the sanctions of the EU, Canada and the UK," it said.
2022, August, 12, 08:50:00
RUSSIAN GAS FOR EUROPE DOWN
Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and by almost 50% compared with the previous five-year (2017–21) average,
2022, August, 4, 10:40:00
EUROPE WILL PAY MORE
Energy consumer prices are rising at an annual rate of nearly 40 per cent in the eurozone and 57 per cent in the UK, reflecting the surge in wholesale gas and oil prices after Russia’s invasion of Ukraine. That is drastically eating into households’ disposable income.
2022, June, 16, 12:30:00
GAZPROM PRODUCTION DOWN
According to preliminary data, Gazprom produced 226 billion cubic meters of gas from January 1 through June 15, 2022. This is a decrease of 6.4 per cent (or 15.5 billion cubic meters) versus the same period of last year.
2022, June, 2, 11:30:00
GAZPROM PRODUCTION DOWN BY 4.8%
Gas exports to the countries beyond the FSU amounted to 61 billion cubic meters, which is 27.6 per cent (or 23.2 billion cubic meters) lower than the figure for the same period of 2021.
2022, May, 19, 13:50:00
EUROPEAN ENERGY SUICIDE
Saying no to Russian energy means that Europe will systemically and for the long term become the world’s most costly region for energy resources.
