Europe may reduce the purchase of Russian gas

The increasing competition in the European gas market, which was spurred by the supply of American LNG, makes it impossible to maintain the record level of exports that Gazprom reached last year.




The Russian gas giant expects a fall in exports, which, according to the most pessimistic scenario, could reach 4,9%.

However, the management of the company expressed the hope that the decline in exports will occur within, if not an optimistic scenario (a fall of 1,9%), then at least a basic one (a decline of 3,9%). The deputy head of the Gazprom department, Mikhail Malgin, said this during a teleconference.

After last year’s company record of 201,9 billion cubic meters of exported gas, it seemed that exporting 200 billion cubic meters of gas per year could become a standard volume.

However, the warm winter and the desire of Europe to avoid the risks associated with the termination of gas transit through the territory of Ukraine led to the fact that European storages are already full by 93% and, accordingly, the dynamics of exports decreased.

Gazprom’s gas export performance this year is unlikely to be affected by the launch of the Turkish Stream and Nord Stream 2, which is scheduled for the end of the year.

The structure of the European market is changing due to the massive launch of LNG plants around the world, and therefore the Russian company will have to be more flexible in the struggle for its place in the sun.
Photos used: https://112.international
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  1. Bakht Offline
    Bakht (Bakhtiyar) 30 August 2019 17: 40
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    So, there will definitely not be transit through Ukraine. Good news ...
  2. AICO Offline
    AICO (Vyacheslav) 30 August 2019 18: 33
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    Increases in forest purchases on wooden oblong boxes - General Moroz will destroy everything !!!
  3. gorenina91 Offline
    gorenina91 (Irina) 31 August 2019 07: 52
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    The increasing competition in the European gas market, which was spurred by the supply of American LNG, makes it impossible to maintain the record level of exports that Gazprom reached last year.
    Gazprom’s gas export performance this year is unlikely to be affected by the launch of the Turkish Stream and Nord Stream 2, which is scheduled for the end of the year.
    The Russian gas giant expects a fall in exports, which, according to the most pessimistic scenario, could reach 4,9%.

    Damn ..., personally, I'm already tired of writing about it; about LNG; about market conditions; about the illiterate "actions" of Gazprom ... Well, that’s all and "appeared" ...

    After last year’s company record of 201,9 billion cubic meters of exported gas, it seemed that exporting 200 billion cubic meters of gas per year could become a standard volume.

    Perhaps this was Gazprom’s last farewell gas pipeline triumph ...

    The structure of the European market is changing due to the massive launch of LNG plants around the world, and therefore the Russian company will have to be more flexible in the struggle for its place in the sun.

    But what a "more flexible struggle" for their place in the sun "...
    It’s just that Gazprom stupidly chases Russian gas abroad at dumping prices ... and all things ... - you need to get at least some money ... - Well, personally, Gazprom will have enough of this money, and what remains for Russia .. ??? - And ahead is the launch of the Turkish Stream and Power of Siberia gas pipelines ... - that’s where the Turks and Chinese begin to “twist their hands” to Russia ... Especially the Chinese ... - the Chinese will get the maximum reduction in price per cubic meter from Russia Russian gas; and then they will just start delivering their stale goods as payment ...