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Gazprom provides reliable gas supplies throughout past winter season amid growing demand

#IR releases #Management Committee

The Gazprom Management Committee reviewed the operating results of the Company's subsidiaries and organizations over the 2016–2017 autumn/winter period and discussed the measures to be taken for ensuring an uninterrupted gas supply to consumers in the upcoming winter.

It was noted that in the past winter Gazprom had provided reliable gas deliveries to consumers.

Between October 2016 and March 2017, Gazprom’s gas transmission system within Russia’s Unified Gas Supply System (UGSS) conveyed 231.2 billion cubic meters of gas, a 7 per cent increase against the previous season.

Meanwhile, the Company’s gas exports to Europe reached 103.6 billion cubic meters due to a surge in demand for Russian gas, adding 18 per cent versus the October–March period of 2015–2016. For four consecutive months from October 2016 through January 2017, Gazprom set new records for monthly gas exports to that market. In addition, the Company hit a record high of 636.4 million cubic meters in daily gas deliveries on January 27, 2017.

The reliability of the Company’s gas supplies to Russian and foreign consumers can be attributed to, among other things, ample gas reserves in underground gas storage (UGS) facilities and increased deliverability thereof. By the withdrawal season, working gas inventories totaled 72.098 billion cubic meters, with the potential maximum daily deliverability climbing to a record high of 801.3 million cubic meters. During the withdrawal season (from October 2016 through April 2017), some 47 billion cubic meters of gas was offtaken from the UGS facilities, which is the highest figure over the past ten seasons. By the 2017–2018 autumn/winter period, the potential maximum daily deliverability of Russia-based UGS facilities is expected to reach 805.3 million cubic meters.

In order to ensure the reliable operation of the UGSS in the 2017–2018 autumn/winter period, the Gazprom Management Committee tasked the Company's specialized structural units and subsidiaries with the following assignments:

  • to stockpile at least 72.184 billion cubic meters of working gas inventories in UGS facilities in Russia, 1.09 billion cubic meters in Belarus, and 0.13 billion cubic meters in Armenia by the next withdrawal season;
  • to implement the Basic Guidelines on preparing the facilities of Gazprom's subsidiaries and organizations for the 2017–2018 autumn/winter period;
  • to perform scheduled preventive maintenance and repair at gas production, transmission, underground storage and processing facilities, as well as to prepare transportation vehicles and specialized equipment for operation during the winter season.

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