Gas production in Russia in October increased by 11.8% year-on-year, Gazprom added 14.6%
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Gas production in the Russian Federation is growing for the third month in a row due to the low base of last year. In October, the figure increased by 11.8%, to 60.13 billion cubic meters. m, but in January-October it decreased by 4%, to 534.5 billion cubic meters. m. Gazprom increased production in October by 14.6%, to 38.6 billion cubic meters. m. The trend towards recovery in production is supported by both growing exports to China and increasing domestic consumption, analysts say.
Gas production in the Russian Federation in October increased by approximately 11.8% year-on-year, to 60.13 billion cubic meters. m, sources familiar with Ministry of Energy statistics told Kommersant. In January-October, production in the Russian Federation amounted to 534.5 billion cubic meters. m (data including gas flared), which is 4% less than a year ago.
Production from “other subsoil users,” which includes Gazprom’s figures, continues to grow after recording year-on-year growth in August for the first time in 16 months.
Thus, in October, gas production increased by 14.6% year-on-year, reaching 38.6 billion cubic meters. m, while over ten months the production of “other subsoil users” fell by 11%, to 327.8 billion cubic meters. m.
After the outbreak of hostilities in Ukraine, Gazprom sharply reduced pipeline gas supplies to EU countries, and as a result, the company’s production decreased. EU countries have begun to diversify their gas imports, mainly through LNG. Gazprom still has the opportunity to supply gas to the EU through Ukraine and Turkey, and the company also continues its planned increase in exports via the Power of Siberia to China. November 24 and 25 company reported about new daily records of deliveries to China via the Power of Siberia.
The largest independent gas producer NOVATEK produced 6.83 billion cubic meters in October. m, which is 1.3% less than a year earlier. Over ten months, the decrease was about 2%, the company produced 65.4 billion cubic meters. m.
Rosneft, due to increased production at Rospan and the Kharampurskoye field, is approaching NOVATEK in terms of production volumes. But in fact, after commissioning new capacities, the company has already reached a plateau: average daily production in October decreased by 1% compared to September, to 6.6 billion cubic meters. m of gas (20% increase in annual terms). In January-October, the company increased production by 53.8%, to 64.5 billion cubic meters. m.
Gas production from major oil companies is declining due to the OPEC+ deal and a reduction in associated petroleum gas production. Gazprom Neft reduced gas production in October by 9%, to 2.6 billion cubic meters. m, over ten months – by 12.3%, to 24 billion cubic meters. m. Surgutneftegaz reduced production in October by 17% year-on-year, to 0.57 billion cubic meters. m, in ten months the company produced almost 6 billion cubic meters. m. The exception was LUKOIL, which increased production in October by 0.8% year-on-year, to 1.53 billion cubic meters. m, in January-October the company produced 15 billion cubic meters. m of gas.
Production at the Sakhalin-1 PSA project in October amounted to 890 million cubic meters. m, in ten months – 8 billion cubic meters. m, at the Sakhalin-2 project gas production in October amounted to 1.5 billion cubic meters. m, in January-October – 13.5 billion cubic meters. m.
The trend towards recovery in production is associated with the effect of last year’s low base, notes Sergei Kondratyev from the Institute of Energy and Finance.
Now production, according to his estimates, is supported by an increase in exports – due to increased supplies to China, the countries of Central Asia and a slight increase in exports to the EU – up to 2.5 billion cubic meters. m in October versus 2.17 billion cubic meters. m a year earlier. The increase in supplies to the EU was ensured by an increase in pumping through the Turkish Stream, which increased by 0.38 billion cubic meters in October. m, up to 1.29 billion cubic meters. m.
Production is also supported by high demand for gas on the domestic market, continues Sergei Kondratyev. In October, the average temperature in Russia was 0.2°C lower than in October last year. At the same time, the expert recalls, in Central Russia, which accounts for the majority of gas consumption, the temperature was 1.5°C lower than last year.
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