Forward from: Laura Ru
Russia’s gas production rose by 7.9% from January to November, driven by rising exports and domestic consumption, Kommersant writes, citing sources familiar with the Energy Ministry’s statistics. The Gazprom gas giant has been the main driver of increased output this year.
Notably, Russia remains one of the leading gas suppliers to the European Union, in terms of both pipeline and liquefied natural gas (LNG), with the country’s share standing at about 15%.
Deputy Prime Minister Alexander Novak announced earlier that Russia’s overall gas exports to EU countries would exceed last year’s levels by 18-20%. For now, Gazprom continues gas transit via Ukraine and through the TurkStream pipeline, which enables the company to maintain production. However, Ukraine gas transit is expected to cease on January 1, 2025, which could result in Russian gas supplies being halved.
Vitaly Yermakov of the Higher School of Economics expects gas output to grow by 54 billion cubic meters, reaching 691 billion cubic meters by the end of 2024, which is 54 billion cubic meters higher than in the previous year.
The expert attributes the growing production to increases in exports and domestic demand. According to him, exports are rising primarily due to supplies to China via the Power of Siberia pipeline. Russian pipeline gas exports to China are expected to reach 31 billion cubic meters by the end of the year. https://www.kommersant.ru/doc/7403586
Notably, Russia remains one of the leading gas suppliers to the European Union, in terms of both pipeline and liquefied natural gas (LNG), with the country’s share standing at about 15%.
Deputy Prime Minister Alexander Novak announced earlier that Russia’s overall gas exports to EU countries would exceed last year’s levels by 18-20%. For now, Gazprom continues gas transit via Ukraine and through the TurkStream pipeline, which enables the company to maintain production. However, Ukraine gas transit is expected to cease on January 1, 2025, which could result in Russian gas supplies being halved.
Vitaly Yermakov of the Higher School of Economics expects gas output to grow by 54 billion cubic meters, reaching 691 billion cubic meters by the end of 2024, which is 54 billion cubic meters higher than in the previous year.
The expert attributes the growing production to increases in exports and domestic demand. According to him, exports are rising primarily due to supplies to China via the Power of Siberia pipeline. Russian pipeline gas exports to China are expected to reach 31 billion cubic meters by the end of the year. https://www.kommersant.ru/doc/7403586