RUSSIA'S GAS EXPORT 243 BLN M3
GAZPROM - In 2018, the Gazprom Group sold 243.3 billion cubic meters of gas (both exports from the Russian Federation and sales of gas purchased abroad, including LNG) outside the former Soviet Union, with the sales revenue totaling RUB 3,770.3 billion.
2018 saw gas exports to countries beyond the former Soviet Union hit yet another record of 201.9 billion cubic meters (under the contracts of Gazprom Export and GAZPROM Schweiz AG), which was 7.5 billion cubic meters more (+3.8 per cent) than in 2017.
The Gazprom Group sold 38.1 billion cubic meters of gas in the former Soviet Union in 2018. The largest importer was Belarus with 20 billion cubic meters.
Gazprom supplies natural gas to its European customers via the following transportation routes: the Uzhgorod and Balkan corridors, the gas pipeline to Finland, and the Yamal – Europe, Blue Stream and Nord Stream gas pipelines spanning ten European countries (Austria, Belgium, Bulgaria, the Czech Republic, Germany, Hungary, the Netherlands, Poland, Romania, and Slovakia).
The 1,224-kilometer Nord Stream gas pipeline provides a direct connection between Russian gas fields and European gas buyers across the Baltic Sea.
Throughout 2018, Nord Stream AG supplied 58.8 billion cubic meters of gas to European consumers via the Nord Stream gas pipeline (which is above the pipeline's design capacity of 55 billion cubic meters), exceeding the supply volumes attained in 2017 and thus reaching the largest amount of supplies in the entire history of the pipeline's operation.
From the commencement of the Nord Stream gas pipeline's operation and up to June 15, 2019, Nord Stream AG transported 291.8 billion cubic meters of gas in a reliable and safe manner.
New gas transmission projects are currently in progress. Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea. The pipeline's route is more than 1,200 kilometers long. The project is being implemented by Nord Stream 2 AG. In 2017, Nord Stream 2 AG, ENGIE, OMV, Royal Dutch Shell, Uniper, and Wintershall signed the financing agreements for the pipeline.
Pursuant to the documents, the five European companies are providing longterm loan-based financing for 50 per cent of the total cost of the project.
As of this date, complete sets of permits have been obtained for the construction of the Nord Stream 2 gas pipeline in Russia, Germany, Finland, and Sweden. Applications from Nord Stream 2 AG are pending approval in Denmark.
More than 58 per cent of the pipeline’s total length has been laid by now.
Construction of the Russian and German onshore sections is underway, and deliveries of equipment and materials are nearly completed. The works on concrete coating and distribution of concrete-coated pipes between logistics sites are in their final stages.
TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey’s border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe.
Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year.
Pipelaying for the offshore section of TurkStream was finished in November 2018. Welding of the above-water tie-ins for both strings of the pipeline was completed off the Russian coast in January-February 2019, and off the Turkish coast in March 2019. Construction of a receiving terminal continues near the Turkish settlement of Kiyikoy.
On May 26, 2018, Gazprom and the Government of the Republic of Turkey signed a Protocol on the onshore section of the transit string of the TurkStream gas pipeline. The string will deliver Russian gas to European consumers. On November 5, 2018, Gazprom Export and BOTAS signed a shareholders agreement for the creation of a joint design company, TurkAkım Gaz Tasıma A.S., which was then registered on November 19, 2018.
The TurkStream gas pipeline is planned to be put in operation in late 2019.
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