Supply & Demand

Gazprom boosts gas output by 1% in February

Gazprom increased its gas production by 1% year on year in February, to 41.6 billion cubic metres, the Russian gas giant has told Interfax.
By Staff reporter 5 March 2018 0 29846

Gazprom increased its gas production by 1% year on year in February, to 41.6 billion cubic metres, the Russian gas giant has told Interfax.

The rise follows three months of decline that came after 12 consecutive months of growth. Average temperatures in Russia were 2.7C lower in February on an annual basis, and 7C lower over the second half of the month.

Gazprom’s official production target for 2018 is 476 bcm, which would be a rise of 5 bcm from the 471 bcm it produced in 2017.

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