Gazprom’s gas exports to Europe hit a record in 2016

GAZPROM

Russian President Vladimir Putin holds a meeting with Gazprom CEO Alexey Miller in the Kremlin, January 20, 2016.

Russian gas giant delivered 49.8 billion cubic metres of gas to Germany


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Russian state giant Gazprom’s gas exports to Europe hit a record in 2016, going up by 12.5% and falling slightly short of 180 billion cubic metres, the company’s CEO, Alexey Miller, has told Russian President Vladimir Putin during a meeting at the Kremlin.

Gazprom’s share in the European gas market added 3% in just over a year, reaching 34%, Miller was quoted as saying in a press release, posted on Gazprom’s website.

The highest growth in absolute terms was demonstrated by Gazprom’s number one market, our largest export market, Germany, which added 10%, or 4.5 billion cubic metres of gas. “We delivered 49.8 billion cubic metres of gas to Germany,” Miller said.

“We can also see that the record-setting trend continues in 2017. Over the past two weeks, our gas supplies to Europe have steadily exceeded 600 million cubic metres per day,” he said.

On January 20, Gazprom had a new historic record for daily gas exports. “We exported 627.2 million cubic metres of gas yesterday, on January 19. That has never happened before,” Miller said.

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