- The domestic demand for the company's supplies from the gas transmission system decreased by 5.6% (or 11.1 bln cubic meters) over the period
According to TASS, Russia's state-owned news agency article published on November 1, 2022, Gazprom’s gas production decreased by 18.6% year-to-date compared with the same period last year to 344 bln cubic meters, according to preliminary estimates, while gas exports to non-CIS countries fell by 42.6% in 10 months (by 67.6 bln cubic meters) to 91.2 bln cubic meters, the gas holding reported on Tuesday.
Meanwhile, Gazprom’s average daily exports went down by 11.5% in October month-on-month to 139 mln cubic meters, the company added. Gazprom continues delivering gas in compliance with confirmed requests.
The domestic demand for the company's supplies from the gas transmission system decreased by 5.6% (or 11.1 bln cubic meters) over the period.
"Gas exports to China via the Power of Siberia pipeline keep growing within the framework of the long-term bilateral contract between Gazprom and CNPC. The supplies are regularly in excess of the daily contractual volumes," according to the report.
"Reduction in gas consumption in the European Union became a key factor driving the decline in global gas demand. According to the first preliminary estimates and the available current data, global gas demand dropped by over 40 billion cubic meters in the ten months of 2022. Out of this amount, the 27 countries of the European Union account for about 85 per cent, or 36 billion cubic meters. Gas consumption went down in the UK as well, falling by some 4 billion cubic meters over said period of 2022. This means that the EU and the UK taken together account for about 95 per cent in the decline observed in global gas demand," Gazprom said.
