BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Natural Gas

Russia's Gazprom sets annual Europe, Turkey gas export record of 193.9 Bcm

Energy | Natural Gas | LNG | Oil | Refined Products

Interview: Satvinder Singh, Enterprise Singapore

Natural Gas | Oil

Platts Wellscape P2P

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Natural Gas

Egypt debts weigh on Dana Gas upstream investment plans

Russia's Gazprom sets annual Europe, Turkey gas export record of 193.9 Bcm

Highlights


Beats previous record from 2016 by 8.1%: Miller

Russian gas supply to Germany hits record 53.4 Bcm

All-time high deliveries to Austria, Netherlands

Russia's Gazprom supplied a total of 193.9 Bcm of gas to Europe and Turkey in 2017, its CEO Alexei Miller said Wednesday, easily breaking the record set in the previous year.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Miller, cited by Russian news agency Tass, said deliveries to the "Far Abroad," which includes Europe and Turkey but not the countries of the former Soviet Union, were 8.1% higher than 2016's 179.3 Bcm.

"The trend of record yearly records demonstrates the growing demand of European countries for Russian gas on the one hand and the reliability of our supplies in the required volumes on the other," Miller said.

Russian supplies to Germany and northwest Europe are likely to remain at elevated levels through the winter as the oil-indexed contract price range remains well below the TTF month-ahead price until April.

Supplies to Germany hit a record of 53.4 Bcm last year, Miller said, a 7.1% year-on-year increase.

Gazprom's supplies to Austria, the Netherlands and Denmark also hit new record highs in 2017, he said.

Austria bought 8.5 Bcm last year, a 40% year on year increase, while the Netherlands was supplied with 4.6 Bcm, up 9.7% year on year.

Gazprom delivered 1.75 Bcm of gas to Denmark, up 1.9% year on year.

The previous records to Austria, the Netherlands and Denmark were set in 2005, 2007 and 2016, respectively.

Russian gas supplies also rose to France by 6.8% to 12.3 Bcm, to the Czech Republic by 28% to 5.8 Bcm and to Slovakia by 24.5% to 4.6 Bcm.

Demand for Russian gas was strong across Europe in early 2017 due to cold weather and remained robust through the summer and autumn given the need to refill storage stocks -- especially in Germany and the Netherlands -- which fell to historically low levels last winter.

--Stuart Elliott, stuart.elliott@spglobal.com

--Edited by Maurice Geller, maurice.geller@spglobal.com