Gazprom Boosts Gas Exports To Europe In H1 2021

Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week.

In the first seven months of this year, Gazprom’s gas sales to Turkey and Europe reached 115.3 billion cubic meters, up by 23.2 percent annually, but lower than the record high from 2018, according to Gazprom Export’s data.

Demand for natural gas in Europe has rebounded strongly this year, following the slump in the spring and summer last year when demand fell with the pandemic-induced lockdowns across Europe.

This year, Gazprom boosted significantly its gas supply between January and July to Turkey (by 203.9 percent), Germany (by 42.2 percent), Italy (by 16.2 percent), Romania (by 318.3 percent), Poland (by 14.6 percent), Serbia (by 118.1 percent), Bulgaria (by 47%), France (by 6 percent), and Greece (by 18.8 percent).

Source: Oil Price