Gazprom reduced gas production by 13.2%

AK&M 16 August 2022 13:39

Gazprom produced 274.8 billion cubic meters of gas from January 1 to August 15, 2022, which is 13.2% less than a year earlier. The demand for the company's gas from the gas transmission system in the domestic market decreased by 2.3% during this period. Exports to non-CIS countries decreased by 36.2% and amounted to 78.5 billion cubic meters. Gazprom supplies gas according to confirmed applications. This is stated in the company's message.

Gas exports to China via the Power of Siberia gas pipeline are growing under a bilateral long-term contract between Gazprom and CNPC. Deliveries regularly go beyond the daily contract quantities.

According to Gas Infrastructure Europe, as of August 14, gas reserves in European UGS have been replenished by 48.6 billion cubic meters. To achieve the level of UGS occupancy at the beginning of the 2019/2020 selection season, companies will have to pump another 23.8 billion cubic meters.

It is noted that on the spot exchanges of Europe, gas prices broke through the $ 2.5 thousand mark. According to conservative estimates, if the trend continues, prices will exceed the level of $4 thousand per 1 thousand cubic meters in winter.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for 2021 amounted to 2.16 trillion rubles. compared with 162.4 billion rubles a year earlier. EBITDA increased by 151% to RUB 3.68 trillion. Net revenue from gas sales increased by 85% to RUB 5.65 trillion from RUB 3.05 trillion. Net revenue from the sale of oil and gas processing products increased by 44% to 2.59 trillion rubles. Net revenue from the sale of crude oil and gas condensate increased by 81% to 882.15 billion rubles.