Gazprom Misses Own 2021 Gas Export Target After Flows Capped
- Exports to Europe and Turkey were about 177bcm: calculations
- Producer had pledged to export up to 183bcm in 2021 to region
Gas compressor units at a facility, operated by Gazprom PJSC, in Kasimov, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades.
Gazprom delivered 185.1 billion cubic meters to its main clients abroad, including Turkey, China and Europe, excluding the former Soviet Union nations, Chief Executive Officer Alexey Miller said in a statement on Sunday. That’s 3.2% above 2020 levels, but lower than 2018 and 2019, which were around 200 billion cubic meters.