Page 8 - FSUOGM Week 09 2021

FSUOGM PERFORMANCE FSUOGM

Gazprom enjoys 7.8% output

bump in Jan-Feb 2021

RUSSIA RUSSIAN state gas exporter Gazprom enjoyed a as the oil price collapse a year ago began to feed
7.8% bump in production in the first two months into Gazprom’s prices towards the end of 2020.
Gazprom was forced to of the year, on the back of very cold weather in A similar trend has been seen in many Euro-
shut down a major field Russia and across Europe. pean markets.
last week after a fire. The company produced 89.9bn cubic metres
of gas in January and February, according to Field fire
preliminary data published on March 1. Its sales Gazprom was forced to shut down operations at
to the domestic market climbed 19.5% year on a major gas field in Western Siberia on Febru-
year to 68 bcm, while exports to the so-called Far ary 26 after a fire broke out at a gas processing
Abroad, meaning Europe plus Turkey minus the facility.
countries of the former Soviet Union, soared The Yubileynoye field underwent an emer-
32.3% to 34.3 bcm. gency shutdown at 10:45 am local time after
“Due to severe cold snaps and snowfalls, nat- the fire was reported. Personnel were evacuated
ural gas demand in Russia and Europe went up from the site and firefighters are working to
in February,” Gazprom said in a post on social extinguish the blaze, the company said. Video
media. “Against this backdrop, we continued to footage shared by Russian media showed a large
provide reliable gas supplies to our consumers.” plume of fire reaching 20 metres into the air
Germany, Gazprom’s biggest gas customer, above a building.
increased imports from the company by 32.9%. “There are no casualties. Gas production is
Growth was also seen in Turkey (+52.9%), Italy temporarily suspended,” Gazprom unit Gaz-
(+64%), Hungary (+85%), France (+26.7%), prom Dobycha Nadym said in a statement.
Poland (+36%), Bulgaria (+56.5%), Serbia The Yubileynoye field in the Yamalo-Nen-
(+52.2%), Romania (+54.5%) and Greece ets region started production in 2000 and has
(+27.3%). flowed over 300 bcm of gas since then. The acci-
Supplies to Turkey more than doubled y/y dent happened days after an explosion at a Gaz-
in February, Gazprom said. Turkish gas buyers prom pipeline that transports gas to Kazakhstan,
scaled back Russian purchases in the early part of forcing its closure. On March 1, an oil pipeline
last year, as the supplies were uncompetitive next rupture was also reported at the Sporyshevskoye
to LNG, given the oil indexation of prices in Gaz- field operated by Gazprom’s oil arm Gazprom
prom’s contracts. The situation has now reversed, Neft, also in the Yamalo-Nenets province. ™

P8 www. NEWSBASE .com Week 09 03•March•2021