Gazprom Output up 7.8% in Jan-Feb 2021
Gas production at Russia's Gazprom surged 7.8% year on year to 89.9bn m3 in the first two months of 2021, the company reported on March 1, citing preliminary data.
Gazprom pointed to cold weather in Russia and Europe during February, which led to higher demand. The company's supplies to the domestic market were up 19.5% at 68bn m3 in the two months, while gas exports to the so-called Far Abroad, meaning Europe plus Turkey but excluding countries in the former Soviet Union, increased 32.3% to 34.3bn m3.
The company noted that supplies to Germany, its biggest European customer, were up 32.9% yr/yr. Gains were also seen in Turkey (+52.9%), Italy (+64%), Hungary (+85%), France (+26.7%), Poland (+36%), Bulgaria (+56.5%), Serbia (+52.2%), Romania (+54.5%) and Greece (+27.3%).
Exports to China via the Power of Siberia, which are not included in Gazprom's Far Abroad data, continue to exceed the contractual level and more than tripled yr/yr in February, the company said.