Russia’s Gazprom production and export figures down sharply since year-start

16 August, 06:34 PM
Gazprom managed to reduce sales even in the domestic Russian market (Photo:File photo / Reuters)

Gazprom managed to reduce sales even in the domestic Russian market (Photo:File photo / Reuters)

Russian gas monopoly Gazprom produced 274.8 billion cubic meters (bcm) of gas from Jan. 1 to Aug. 15, 2022, which is 13.2% (41.7 bcm) less year-over-year, the company said on its official website on Aug. 16.

The demand for the company’s gas on the domestic market over this period dropped by 2.3% (by 3.6 bcm).

At the same time, exports abroad amounted to 78.5 bcm, or 36.2% (by 44.6 bcm) less y-o-y.

Gazprom did however note growth of exports to China through the Power of Siberia gas pipeline under a bilateral long-term contract.

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“Supplies regularly exceed daily contract volumes,” Gazprom said, without disclosing specific figures.

As reported earlier, revenues from energy exports to Russian budget decreasedby 22% in annual terms in July alone.

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