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Cold weather boosts Gazprom’s output

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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.

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