Russian consortium Gazprom increases gas exports to China | News

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The Russian state consortium Gazprom announced on Monday that, through the Siberian Force gas pipeline, gas exports to China increased by 60.9 percent in the last seven months.

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The gas company said in a statement that the supply of Russian gas to the Asian country continues “to grow within the framework of the long-term bilateral contract between Gazprom and the China National Petroleum Corporation (CNPC)”.

“For example, in the month of July, gas supplies regularly exceeded contractual daily volumes and the historical record for daily exports was broken three times,” the entity assured.

Gazprom also announced that, overall, about 262.4 billion cubic meters of gas were produced during the first six months of 2022, which is 12 percent less than last year.

Likewise, the company indicated that “gas consumption in the 27 countries of the European Union was reduced by 31 billion cubic meters” during the last seven months, and estimated that world demand was 35 billion cubic meters, which represents a decrease in relation to a similar stage in 2021.

The Gazprom company relied on data from the Gas Infrastructure in Europe (GIE) to forecast that in order to “reach fullness at the start of the 2019-2020 withdrawal season, companies will have to inject 29.6 billion additional cubic meters”.

This is due to the fact that until July 30, 42.8 billion cubic meters of natural gas had been stored in storage facilities in Europe, and countries such as Germany and Belgium during some days in July consumed more than they entered.

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