Supply & Demand

Gazprom raises 2025 production estimate to at least 540 bcm

Gazprom has raised its production guidance for 2025 from 520-560 billion cubic metres to 540-560 bcm, the Russian gas giant has said.
By Staff reporter 12 November 2018 0 33256

Gazprom has raised its production guidance for 2025 from 520-560 billion cubic metres to 540-560 bcm, the Russian gas giant said in a new memorandum for its eurobond programme.

“Given effective demand among Russian consumers and a favorable external market situation, Gazprom’s gas production could amount to about 540-560 bcm by 2025 (including production in Eastern Siberia and the Far East),” the memorandum said.

Gazprom produced 471 bcm of gas in 2017, and the latest estimate for 2018 put output at 497 bcm, a...