Gazprom’s production fell by 14.6% in the first eight months of 2022
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Gazprom has reported on gas production and supplies for the last eight months of this year. According to reportAccording to preliminary data, in January-August 2022, the company reduced gas production by 14.6% compared to last year, to 288.1 billion cubic meters. m.
Demand for gas from the gas transmission system in the domestic market decreased by 2.9% or 4.7 billion cubic meters over the reporting period. m. Exports to non-CIS countries decreased by 37.4% (by 49.1 billion cubic meters) compared to the same period last year, amounting to 82.2 billion cubic meters. m.
Against the backdrop of reduced supplies to Europe in the first eight months of this year, according to the first preliminary estimates, global demand for gas fell by 40 billion cubic meters. m. In this reduction, 73% or 29 billion cubic meters. m is the share of 27 EU countries.
Gas consumption has also fallen in the UK – by about 5 billion cubic meters. m for the specified period. The total share of the EU countries and the UK in reducing global demand is 85%. At the same time, Gazprom noted an increase in gas exports to China via the Power of Siberia gas pipeline.
August 30 Board of Directors of Gazprom recommended to pay the first in its history interim dividends for the first half of the year in the amount of 1.2 trillion rubles.
The company said that the dividend base of Gazprom, that is, net profit adjusted for non-monetary items, in the first half of the year amounted to 2.4 trillion rubles, and the net profit itself – 2.5 trillion rubles. That is, for the first half of the year, Gazprom received a large net profit, as for the whole of 2021 (2.09 trillion rubles).
In terms of fuel production in 2021, Gazprom achieved the best indicator over the past 13 years. The company produced 514.8 billion cubic meters. m of gas – by 62.2 billion cubic meters. m more than in 2020.
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