Gas sales by the Russian monopoly fell in April to the lowest level in the last three months.
Gazprom’s daily sales to key foreign markets fell to their lowest level in three months in April as customers turned to cheaper LNG supplies.
Bloomberg writes about it.
Europe imported record volumes of discounted liquefied natural gas as Asian demand for the fuel fell. This, as well as the end of the heating season, keeps prices under control.
Clients are looking for alternative short-term deliveries in the spot market, where prices were lower in April than long-term deals.
According to the agency, gas deliveries by Gazprom fell by 22% in April compared to March. It is noted that the Russian monopoly last month exported an average of 387 million cubic meters of gas per day to non-CIS countries. In the first four months of the year, the company exported 50.1 billion cubic meters, which is almost 27% less compared to the same period last year.
Gazprom said deliveries to China via the Power of Siberia gas pipeline rose by almost 60% on an annual basis in January-April, but the company did not name the exact volume of deliveries.
According to the newspaper’s calculations, Gazprom’s daily production in April averaged 1.347 billion cubic meters, which is 8.5% less than in the previous month.
Since the beginning of 2022, the company has pumped 175.4 billion cubic meters of natural gas, which is 2.5% less than a year ago.
Recall that Gazprom stopped gas supplies to Poland and Bulgaria because of the refusal to pay in rubles.