Gazprom Export called the accusations of undersupply of gas to Europe absurd

by time news

By the end of July this year, Gazprom increased its gas exports by 23.2% compared to the same period in 2020, so accusations of shortages in Europe are absurd, said Sergey Komlev, head of the contract structuring and pricing department at Gazprom Export, in an article for the corporate magazine “Gazprom”.

According to preliminary data provided by the author of the material, the volume of gas production by Gazprom by the end of the second summer month reached 298.2 billion cubic meters. m. Growth in annual terms amounted to 18.4%.

“At the same time, the company’s gas exports grew by 23.2%, and supplies to non-CIS countries increased to 115.3 billion cubic meters. m. These data prove the absurdity of accusations of “Gazprom” in short supply, “- wrote Komlev.

He noted that in the first half of 2021, Germany increased gas exports from Russia by 44% in annual terms – up to 28.9 billion cubic meters. m. Deliveries to Turkey tripled, and to Italy – by 14% to 14.6 billion cubic meters. m and 11.4 billion cubic meters. m respectively.

According to Komlev, the dominant influence on gas consumption in Europe was exerted by the weather. So, in January-June 2021, actual consumption amounted to 316 billion cubic meters. m, an increase of almost 39 billion cubic meters. m year to year. At the same time, the “contribution of the weather factor” to this volume, the author of the article estimated at 6.3 billion cubic meters. m.

Earlier, 40 members of the European Parliament (EP) sent a letter to the European Commission calling for an investigation into the actions of Gazprom, which allegedly could lead to an increase in gas prices in Europe. The appeal was drawn up against the background of high rates of fuel price rise. The Russian company responded by saying that it was supplying gas to the European market in full compliance with its contractual obligations.

On September 15, the price of October gas futures at the Dutch gas hub TTF reached a record 79 euros per MWh, which was approximately $ 980 per 1,000 cubic meters. m. Today, by 11:00 Moscow time, it traded at about 68 euros per MWh, or $ 840 per 1000 cubic meters. m.

.

You may also like

Leave a Comment