30.08.2024, 00:34
Gazprom announced a sharp increase in global gas demand
Source: OREANDA-NEWS
OREANDA-NEWS According to the results of the first eight months of 2024, global gas demand increased by almost 55 billion cubic meters compared to the same period in 2023. This was stated by the head of Gazprom Alexey Miller, his words are quoted by the Telegram channel of the Russian energy holding.
The head of Gazprom stated that the above assessment is preliminary. At the same time, the increase in consumption of this type of fuel, as Miller clarified, is not recorded in all regions of the world. So, in the countries of the European Union (EU) and the United Kingdom, over this period of time, the indicator fell by 10 billion cubic meters in annual terms.
Miller added that natural gas is an affordable and reliable source of energy. This confirms the steady growth in demand for this type of fuel in Russia, the countries of the Global South and the states of the Asia-Pacific region (APR), the head of Gazprom summed up.
After the outbreak of hostilities in Ukraine and a sharp decline in supplies to Europe, China became the main buyer of Russian natural gas. Earlier, Gazprom announced the establishment of another record for daily deliveries of pipeline fuel to this Asian country. A new maximum was recorded on July 27.
Currently, pipeline supplies are carried out through the Power of Siberia, the annual maximum capacity of which is estimated at 38 billion cubic meters. The International Energy Agency (IEA) previously reported that the volume of fuel pumping in this direction increased by 35 percent in January-June, and by the end of the year they may exceed 30 billion. In turn, according to Miller, with the release of the "Power of Siberia" and the "Far Eastern" route at full capacity, Russia will be able to send about 48 billion cubic meters to China annually.
However, the parties have not yet started implementing the main Russian-Chinese energy project, the Power of Siberia— 2 pipeline. Despite assurances from the Russian authorities of progress on this issue, the commercial details of the contract (cost of supplies, volumes) have not yet been determined. The Financial Times (FT) newspaper, citing sources, reported that the main stumbling block is the issue of pumping prices. China is trying to push through favorable terms of the deal, including low prices for fuel supplied from Russia, and does not want to make concessions to Gazprom.
The head of Gazprom stated that the above assessment is preliminary. At the same time, the increase in consumption of this type of fuel, as Miller clarified, is not recorded in all regions of the world. So, in the countries of the European Union (EU) and the United Kingdom, over this period of time, the indicator fell by 10 billion cubic meters in annual terms.
Miller added that natural gas is an affordable and reliable source of energy. This confirms the steady growth in demand for this type of fuel in Russia, the countries of the Global South and the states of the Asia-Pacific region (APR), the head of Gazprom summed up.
After the outbreak of hostilities in Ukraine and a sharp decline in supplies to Europe, China became the main buyer of Russian natural gas. Earlier, Gazprom announced the establishment of another record for daily deliveries of pipeline fuel to this Asian country. A new maximum was recorded on July 27.
Currently, pipeline supplies are carried out through the Power of Siberia, the annual maximum capacity of which is estimated at 38 billion cubic meters. The International Energy Agency (IEA) previously reported that the volume of fuel pumping in this direction increased by 35 percent in January-June, and by the end of the year they may exceed 30 billion. In turn, according to Miller, with the release of the "Power of Siberia" and the "Far Eastern" route at full capacity, Russia will be able to send about 48 billion cubic meters to China annually.
However, the parties have not yet started implementing the main Russian-Chinese energy project, the Power of Siberia— 2 pipeline. Despite assurances from the Russian authorities of progress on this issue, the commercial details of the contract (cost of supplies, volumes) have not yet been determined. The Financial Times (FT) newspaper, citing sources, reported that the main stumbling block is the issue of pumping prices. China is trying to push through favorable terms of the deal, including low prices for fuel supplied from Russia, and does not want to make concessions to Gazprom.
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