Gazprom lifts 2017 production estimate to 450 bcm

By Staff reporter 30 June 2017

Gazprom has raised its production estimate for 2017 to 450 billion cubic metres based on results from the first half of the year, Chief Executive Alexei Miller said at the Russian gas giant’s AGM.

Gazprom’s initial production plan for this year was 430 bcm, but this was lifted to 442 bcm after the first quarter.

"In 2016, Gazprom resumed natural gas production growth. Production totalled 419.1 bcm, including 9.4 bcm of associated petroleum gas," said Miller.

"Considering actual production in the first six months, we forecast reaching a...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up