Cold weather boosts Gazprom’s output
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Russia's Gazprom has announced that its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe.
Gazprom pumped 615.5 million m3 of gas to countries outside the former USSR borders on 6 January, beating its previous record hit on 5 January by nearly 1 million m3.
Gazprom delivers around a third of European Union's gas, and the recent spike in European demand boosted Gazprom's supplies through Nord Stream pipeline to an all-time high of 165.2 million m3 in the past few days, up from 160.75 million m3 on 1 January.
The current volumes of gas supply, if extrapolated throughout the year, exceed the Nord Stream's projected volumes by 10%, according to Gazprom’s CEO Alexei Miller.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/10012017/cold-weather-boosts-gazproms-output/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.