Gazprom supplying gas to Europe inline with contractual obligations

A working meeting between Russian President Vladimir Putin and Gazprom Management Committee Chairman Alexey Miller took place this week.

Alexey Miller reported to Vladimir Putin that European consumers were receiving gas supplies entirely inline with contractual obligations. The total accumulated gas supplies for export exceeded the planned amount by 3 billion m³ by early September.

According to the Hydrometcenter forecasts, the upcoming wither in Russia will be colder than usual. In this regard, Gazprom’s prioritized activity now is gas injection into underground gas storage (UGS) facilities. The Company raised the planned amount of working gas for injection into Russian UGS facilities to 72 billion m³. This is the maximum amount that will be pumped in Russian UGS facilities in the entire history of the gas industry. Now the gas storages contain 63.5 billion m³ of working gas. It is planned to complete the injection within the next six weeks.

Gazprom is also filling up UGS facilities in Europe. The Company has already pumped 3.8 billion m³ into European gas storages. Overall, it’s planned to pump 5 billion m³.

The Power of Siberia (eastern route of Russian gas supplies to China) is progressing according to schedule. The negotiations have been initiated concerning gas supplies from Western Siberia to China via the western route.

Alexey Miller stressed that Gazprom was ready to meet the growing demand in the Chinese market, in the east, and in the European Union as well.The meeting paid special attention to the regional gasification in Russia.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/19092014/gazprom-supplying-gas-to-europe-inline-with-contractual-obligations/