Gazprom record export / gasnews.eu

According to preliminary data, gas production in the first five months of 2021 totaled 221.9 billion cubic meters, which is 16.2% (or 31 billion cubic meters) more than in the January–May period of 2020.

Gazprom domestic supplies from the gas transmission system rose by 17% (or by 18.8 billion cubic meters) over said period of 2021.

Gas exports to the countries beyond the FSU stood at 84.2 billion cubic meters, which is 27.2% (or 18 billion cubic meters) higher than in the same period of last year. As a point of comparison, this increase exceeds the overall amount of gas supplied last year to such a major consumer as Turkey.

In the period from January through May, Gazprom increased supplies to most countries, including Turkey (+166.9%), Germany (+40%), Italy (+18%), France (+18.4%), Poland (+19.8%), Bulgaria (+47.8%), Romania (+194.7%), Serbia (+125.9%), and Greece (+29.9%). In May 2021, Gazprom also set all-time records for May supplies to Germany and Italy – the leading importers of Russian gas in 2020.

Gazprom continues ramping up its gas exports to China via the Power of Siberia gas pipeline.

Despite the high demand for gas in Europe and substantial volumes of gas being supplied, the pace of injecting gas into Europe’s UGS facilities has been very low for the past six weeks. According to Gas Infrastructure Europe, only 8.1 billion cubic meters were replenished by May 30 (more than 66 billion cubic meters were withdrawn from the facilities in the 2020–2021 autumn/winter season). The negative difference between the current inventories and last year’s level has remained at the all-time low of about 34.6 billion cubic meters for the past ten days.

The gas inventories of European UGS facilities are being replenished markedly slower than in previous years, and in order to close the gap by October, the average monthly pace of injection will have to reach at least 15 billion cubic meters – twice as much as in May.

Ukraine’s UGS facilities are also replenishing their inventories at a slow pace. Merely 0.34 billion cubic meters has been replenished in the month since the start of injection operations. This is just 2.6% of the amount used in the 2020–2021 heating period. The negative difference compared to last year has reached 2.3 billion cubic meters.