Gazprom’s gas exports to Europe hit record high in 2016

Russian state giant Gazprom’s gas exports to Europe hit an all-time high last year, up by 12.5%. It totalled 179.3 billion cubic meters, CEO Alexey Miller told Vladimir Putin during […]

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By Priyanka Shrestha

Russian state giant Gazprom’s gas exports to Europe hit an all-time high last year, up by 12.5%.

It totalled 179.3 billion cubic meters, CEO Alexey Miller told Vladimir Putin during a meeting at the Kremlin.

Around 17.8 billion cubic meters of gas was delivered to the UK in 2016.

Gazprom states: “This historic achievement is proof of the surging demand for Russian gas in Europe and our capacity to ensure reliable gas exports in the required amounts.”

The energy giant produced slightly above 419 billion cubic meters of gas in total last year.

Its share in the European gas market added 3% in more than a year, reaching 34%.

Mr Miller expects to see the record-setting trend to continue in 2017.

In two weeks this month, Gazprom’s gas supplies to Europe have steadily exceeded 600 million cubic meters per day.

The company set a new record for daily gas exports as it exported 627.2 million cubic meters of gas on 19th January.

A new report revealed emissions from power generation in Europe fell 4.5% last year, primarily due to a “huge switch” from coal to gas production.