Gazprom Boosts European Exports in Jan
Russian pipeline gas export monopoly Gazprom boosted exports to Europe and Turkey by 41.5% in the first half of January relative to the same period 2020, it said. And according to preliminary data Gazprom also increased gas production to about 22.6bn m3, which is 4.3% more than in the same period of 2020.
Natural gas exports to Europe and Turkey reached 9.1bn m3 over the 15 days, which is the second highest volume in the entire history of Gazprom Group’s export deliveries, and reflects the very high prices paid for spot gas at European hubs as temperatures fell. LNG was where possible diverted to Asia where the prices for January and February delivery were even higher than Europe, giving Gazprom a clear run. Storage withdrawals, which also includes Gazprom's gas, were also high.
Gazprom identified Germany, Italy, Turkey, Austria, France, the Netherlands, Poland and Hungary as the countries making the biggest increases year on year.