- Home
- Business
- News
- Gazprom Cuts Gas Export to Europe to 5.38Trln Cubic Feet in First 9.5 Months of 2019
Gazprom Cuts Gas Export To Europe To 5.38Trln Cubic Feet In First 9.5 Months Of 2019
Faizan Hashmi Published October 18, 2019 | 03:54 PM
Russian energy giant Gazprom has reduced its exports to Europe by 2.5 percent to 152.6 billion cubic meters (5.38 trillion cubic feet) over the first 9.5 months of 2019, bringing its production to 389 billion cubic meters, Gazprom CEO Alexey Miller said on Friday
MOSCOW (UrduPoint News / Sputnik - 18th October, 2019) Russian energy giant Gazprom has reduced its exports to Europe by 2.5 percent to 152.6 billion cubic meters (5.38 trillion cubic feet) over the first 9.5 months of 2019, bringing its production to 389 billion cubic meters, Gazprom CEO Alexey Miller said on Friday.
"We have delivered 152.6 billion cubic meters of gas to the foreign market, that of countries outside the Commonwealth of Independent States, over [the first] 9.5 months [of 2019], which is 2.5 percent less than in the record-breaking 2018, but 2.6 percent more than in 2017. Meanwhile, Gazprom will pump 11.4 billion cubic meters of its own gas to Europe's underground storage facilities in 2019," Miller said at a meeting with Russian Prime Minister Dmitry Medvedev.
The company has produced 389 billion cubic meters of gas over the same period, which is a 0.
9 percent increase year-on-year, Miller added.
According to Gazprom CEO, the company has delivered to the domestic market some 0.5 percent cubic meters of gas more over the first 9.5 months of 2019 than over the same period last year.
"This means, we see moderate growth in Russia's domestic gas consumption," Miller said.
The gas reserve in Gazprom's underground storage facilities currently reaches 72.23 billion cubic meters, while daily production reaches 843.3 million cubic meters, according to the CEO.
"This is a historic record, [the highest figure] in all the history of the national gas sphere," Miller noted.
Gazprom currently works on ensuring steady gas supply for the winter period, Miller assured the Russian prime minister.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
2 hours ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
3 hours ago -
Today Gold Rate in Pakistan 26 April 2024
3 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
12 hours ago -
Pak-US officials engage to enhance trade, investment ties
13 hours ago
-
Stocks fall as tech shares sink, US economy slows
14 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
15 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
15 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
15 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
15 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago