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News // Russia

Gazprom's natural gas exports to Europe, Turkey move past 2016 levels to fresh record

11 December 2017 , 10:29Neftegaz.RU7414

Russia's Gazprom is set to exceed the level of exports to Europe and Turkey that was recorded in 2016 as demand for Russian natural ss and cold weather across the continent, Platts reported on December 8, 2017.

 

 Taking into account the nominated volume for December 8, Gazprom will have exported 179.8 Bcm to what it calls the Far Abroad - Europe and Turkey, but not the countries of the former Soviet Union - higher than last year's then record high of 179.3 Bcm.

 

Russian gas has been in strong demand through 2017, with a prolonged cold snap in January and February seeing supplies peak, while deliveries remained robust through the summer as European buyers looked to refill heavily depleted storage stocks.

 

Cold weather in Europe in late November and so far in December has seen demand for Russian gas surge again.

«European consumers choose the unconditional reliability of our supplies and their economic feasibility,» said Gazprom CEO Alexey Miller.

 

«We are on the home stretch on the way to a new absolute record of annual gas exports to the Far Abroad for the entire history of Gazprom and the country's gas industry,» Miller said.

 

The most recent Gazprom forecast for gas supplies to Europe and Turkey in 2017 is 192 Bcm, while a Gazprom official last month said the expected level of exports in 2018 would be «at least flat» on this year.

 

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