Russia's Gazprom 2013 gas exports up 16% on yeaer to 161.5 Bcm

Moscow (Platts)--30Dec2013/456 am EST/956 GMT


Russia's gas giant Gazprom raised exports of natural gas to 161.5 billion cubic meters in 2013, up 16% year on year, the company's export arm Gazprom Export said Monday, citing preliminary results for the year.

The average price for Russian gas exports to Europe and Turkey was slightly above $380/1,000 cu m in the year, it said, providing no year-on-year comparisons.

The 2012 average price of gas supplies to those markets was $402/1,000 cu m, Gazprom said previously.

In 2013, Russian gas enjoyed strong demand from Europe, with Gazprom repeatedly registering unusually high gas offtakes from its transportation system, including during periods when the weather was unusually warm.

Article continues below...


Request a free trial of: International Gas Report International Gas Report
International Gas Report

International Gas Report is a biweekly report that intelligently analyzes what is happening in the natural gas industry, improving your vision and sharpening your competitive edge. Through its unrivalled network of global correspondents, it covers the whole gas chain, from the well-head to the burner tip, in Asia, Europe, the Middle East, Africa and the Americas, including gas transport, regulation and the ever-present problems posed by shifting geopolitical concerns.

Request a trial to International Gas Report Request More Information


As a result, Gazprom's gas exports exceeded the 2012 full-year level of 138.8 Bcm in the first eight months of this year.

Gazprom sources earlier said some European countries were seeking greater volumes of Russian gas due to deteriorating weather conditions, while an increase in demand in other countries was driven by political factors, such as the now routine disruption of supplies from Libya.

Another factor for an increase in demand for Russian gas was lower gas supplies to Europe from other countries that are choosing to redirect volumes to Asia, and reduced gas output and supplies from North Africa.

--Nadia Rodova, nadia.rodova@platts.com
--Edited by Maurice Geller, maurice.geller@platts.com

Platts Email