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Gazprom Daily Output Keeps Growing Amid Falling Exports to EU

  • Output averaged 847mcm/day so far in September: calculations
  • Daily exports to key markets fell 22% from Aug. to 173mcm/day

Gazprom PJSC’s daily natural gas output rose in the first half of September, on track for a second monthly gain, as exports to key European markets continued to fall and flows to China increased.

Traders and policy makers are closely monitoring production and exports of Russia’s gas giant, with European countries racing to prepare for the heating season at a time when prices for the fuel are more than seven times higher than the seasonal average.