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Russian Gazprom Provided 29.9% of Gas Supplies to Europe in 2013

Business » ENERGY | February 18, 2014, Tuesday // 09:48| Views: 1448 | Comments: 0
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Bulgaria: Russian Gazprom Provided 29.9% of Gas Supplies to Europe in 2013 Photo by BGNES

Russian energy giant Gazprom provided a record share of 29.9% of gas supplies to the European and Turkish markets in 2013.

Gazprom broke a record set in 2011 of 150 billion cubic meters of gas, or a share of 27%, according to reports of Interfax, as cited by dnevnik.bg.

The data is provided in a prospectus published due to a new Eurobond issue by Gazprom.

The document cites an official evaluation of Gazprom of the European gas market in 2013, which amounted to 451 bcm, of which Gazprom supplied 161.5 bcm.

Gazprom's expansion took place against the backdrop of a reduction of consumption in Europe by 1% (or 5.7 bcm), a contraction in the production of natural gas in Europe by 1.4% and the withdrawal of most of Gazprom's major competitors.

On December 18, 2013 Gazprom set a new record of gas supplies per 24 hours, at 560.2 million cubic meters, beating a score of 550.1 million cubic meters set a year earlier, on December 17, 2012.

According to the prospectus, Gazprom achieved its goals for 2013 and expanded export by 16% year on year.

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