Gazprom announces 60.9% increase in gas supplies to China via Power of Siberia
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Gas exports to China via the Power of Siberia pipeline grew by 60.9% over seven months, Gazprom’s press service reported. During this period, the historical record of daily shipments was updated three times.
“Gas exports to China via the Power of Siberia gas pipeline under a bilateral long-term contract between Gazprom and CNPC are growing: in seven months it increased by 60.9%. In particular, in July, deliveries regularly exceeded daily contract quantities, while the historical record of daily export volume was updated three times,” the company said.
According to Gazprom, in January-July the company produced 262.4 billion cubic meters. m – 12% less than in the same period last year. Demand in the domestic market for seven months decreased by 2%, or by 3 billion cubic meters. m. The press service noted that exports to non-CIS countries fell by 34.7%, to 75.3 billion cubic meters. m per annum. The company said it was delivering on confirmed orders.
“Declining gas consumption in the EU has become a key factor in reducing global demand. According to the first preliminary estimates and available operational data, the decline in global gas demand for seven months of 2022 amounted to about 35 billion cubic meters. m compared to the same period in 2021. At the same time, gas consumption in 27 countries of the European Union decreased by 31 billion cubic meters over the same period. m,” Gazprom explained.
According to Gas Infrastructure Europe, as of July 30, gas reserves in European underground storage facilities were replenished by 42.8 billion cubic meters. m, however, in order to reach the storage occupancy level at the beginning of the 2019/2020 season, companies need to pump another 29.6 billion cubic meters. m. Gazprom noted that in some European countries, including Germany and Belgium, on certain days of July, more gas was withdrawn from storage facilities than was pumped there.
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