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Gazprom's gas exports increased in 2021, company expects record-high earnings

Source : 112 Ukraine

Russian gas exports to Europe are under scrutiny after prices in the region reached all-time highs last month, with some politicians and experts accusing Gazprom of undersupplying the region as a way of pressuring authorities to certify the new Nord Stream 2 pipeline
19:46, 2 January 2022

Kurdistan24.net

Russia's Gazprom natural gas exports outside the SIC countries in 2021 increased by 5.8 billion cubic metres to 185.1 billion cubic metres, while it likely missed its target for Europe. This is reported by Reuters.

Russian gas exports to Europe are under scrutiny after prices in the region reached all-time highs last month, with some politicians and experts accusing Gazprom of undersupplying the region as a way of pressuring authorities to certify the new Nord Stream 2 pipeline.

Gazprom said it met all its contractual obligations for deliveries to Europe and had increased exports to Germany by 10.5%, to Turkey by 63% and to Italy by 20.3%.

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However, it had planned to deliver 183 billion cubic metres of gas to Europe and Turkey and likely fell short of that as the 185.1 billion cubic metres figure includes China, where it began pipeline exports in 2019.

Gazprom did not provide a full-year export figure for China but in the first nine months reported exports of 7.1 billion cubic metres.

Gazprom said its gas production rose by 62.2 billion cubic metres to 514.8 billion cubic metres, its highest in 13 years. Domestic gas supplies rose by 31.9 billion cubic metres to 257.8 billion cubic metres.

The company has said it expects record-high earnings for 2021 helped by high prices in Europe.

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