Gazprom sees domestic gas consumption rising 7.5% within 5 years
Russian energy giant Gazprom expects domestic gas consumption to rise by 7.5% within the next five years as it embarks on a $7 billion program to supply gas to more households, a company official said
President Vladimir Putin has tasked Gazprom to provide more natural gas to domestic consumers, who do not receive supplies of the fuel although Russia has the world's biggest reserves.
Russia's proved gas reserves stood at 38 trillion cubic metres in 2019, almost a fifth of global total, BP data shows.
Sergei Gustov, director general of Gazpom's unit, Gazprom Mezhregiongaz, told an online briefing the company's share of the domestic market would remain at 70%-72% within the next five years as he expects domestic gas consumption to rise by 18.6 billion cubic metres in 2021-2025.
Gazprom's key rivals on Russian markets are Novatek and Rosneft.
($1 = 71.6400 roubles) (Reporting by Oksana Kobzeva and Vladimir Soldatkin; Editing by Edmund Blair)
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- LNG Canada expansion to be decided by 2025
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
Comments