Gazprom reduces gas output 6.7% in Aug despite export growth
Gazprom did not manage to firm up gas production in August after nearly zero growth in July and saw production drop for the 14th consecutive month.
Gazprom produced 25.5 billion cubic meters of gas in August, down 6.7% from 27.328 bcm a year earlier, Interfax estimates based on Central Dispatching Department of the Fuel and Energy Complex (CDU TEK) statistics show.
Gazprom's production slipped by just 0.5% in July, inspiring hope for a recovery. But production continues to come under pressure from the main factor, the significantly lower assignment for pumping gas into underground storage in Russia.
The production of Gazprom, the world's biggest gas company, has not been disclosed separately in CDU TEK data for several months, but has been concealed in the basket of 'other producers.' Analysts therefore calculate Gazprom production figures independently based on industry statistics.
Advertising
Advertising
MORE ABOUT
Naftogaz awaiting intl arbitration decision on Gazprom's underpayment for transit in early 2026 - CEO
20:48, 11.03.2024
Gazprom creates its own private military company – Ukrainian Defense Intelligence
16:35, 07.02.2023
Gazprom decides against lowering supplies to Moldova, backhaul nomination absent
13:31, 28.11.2022
Gazprom manipulates facts to justify decision to limit gas supplies to European countries – GTSOU
18:18, 22.11.2022
Arbitration to take place regardless of Gazprom's participation in it – head of Naftogaz Ukrainy
12:32, 28.09.2022
LATEST
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
Work of Kyivteploenergo blocked due to new searches by law enforcers – company
13:00, 26.04.2024
Almost three-quarters of employers feel shortage of staff, plan to increase wages in 2024 – EBA survey
20:59, 25.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Chornomorsk port resumes shipment of agricultural products for export