Alexey Miller's column

Alexey Miller briefs Vladimir Putin on Gazprom’s performance in 2016

Alexey Miller briefs Vladimir Putin on Gazprom’s performance in 2016

Vladimir Putin and Alexey Miller. Photo by www.kremlin.ru

New production capacities at Bovanenkovskoye field and Bovanenkovo – Ukhta 2 gas pipeline enter operation

“Gazprom’s main resource base is shifting northward to Yamal, where we make consistent efforts to develop the new gas production center that will secure gas supplies across Russia in the coming decades. The new gas pipeline, Bovanenkovo – Ukhta 2, commissioned today as part of the northern gas transmission corridor, reshapes the geography of gas flows for both domestic supplies and exports. The northern corridor becomes fundamental to gas supplies throughout European Russia and integral to the shortest, most reliable and efficient new route for gas exports to Europe, stretching from Yamal to Germany across the Baltic Sea. It is the Nord Stream 2 project, whose implementation is running on schedule.”

Gazprom’s gas exports to Europe hit an all-time high for the gas industry in 2016, totaling 179.3 billion cubic meters

“According to the most recent data, Gazprom produced 419.07 billion cubic meters of gas in 2016, which was some 11 billion cubic meters more than planned and 0.57 billion cubic meters more than in 2015. We are always responsive to the market demand and extract as much gas as consumers need. However, our production potential exceeds the actual annual output by over 150 billion cubic meters. This allows us to rapidly boost gas supplies within and beyond Russia so as to meet consumption peaks during the winter months.

Gazprom’s gas exports to Europe hit an all-time high for the gas industry in 2016, totaling 179.3 billion cubic meters. Compared to 2015, it is an increase of 12.5 per cent, or 19.9 billion cubic meters in absolute terms, which is commensurate with the volumes we delivered to the U.K. last year, namely 17.8 billion cubic meters. This historic achievement is proof of the surging demand for Russian gas in Europe and our capacity to ensure reliable gas exports in the required amounts.”

Portovaya compressor station, Nord Stream gas pipeline