Gazprom 2022 Production Reaches 262.4 bcm in July

Gazprom 2022 Production Reaches 262.4 bcm in July

Based on preliminary data, Gazprom produced 262.4 billion cubic meters  (bcm) of gas during January-July 2022. Compared to the same period last year, this is a decrease of 12%.

Domestic demand for the company’s gas transmission system supplies decreased by 2% in 2022.

Compared to 2021, gas exports to countries beyond the FSU totaled 75.3 bcm, a decrease of 34.7%.

Within the framework of a long-term bilateral contract between Gazprom and CNPC, gas exports to China through the Power of Siberia pipeline continue to grow.

Over the period of 2022, gas consumption in the 27 countries of the European Union decreased by 31 bcm.

As of July 30, Europe’s underground gas storage facilities contained 42.8 bcm of gas reserves. For the UGS facilities to reach the levels observed at the beginning of the withdrawal period in 2019–2020, companies will have to inject another 29.6 bcm of gas. German and Belgian UGS facilities, for example, drew more gas than they injected on certain days in July.

 

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