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Gazprom reports 4.5% fall in Jan-Aug non-CIS gas exports

September 04/2019

MOSCOW (MRC) -- Russian state gas producer Gazprom on Monday reported a 4.5% fall in January-August natural gas exports outside the former Soviet Union to 127.3 billion cubic metres (bcm), reported Reuters.

Its output over the same period rose 1.7% to 331 bcm.

The company on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 following record-high volumes last year.

As MRC wrote previously, Gazprom has started pumping gas into the Power of Siberia Pipeline bound for China. The pipeline will deliver 38 billion cubic meter per year (Bcm/y) of natural gas from eastern Siberian fields to China. Under the 30-year contract signed in 2014, deliveries start of Dec. 1.
Author:Margaret Volkova
Tags:gas processing, Gazprom, China, Russia.
Category:General News
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