• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 48 mins Shale Oil Fiasco
  • 5 hours Everything you think you know about economics is WRONG!
  • 6 hours USA v China. Which is 'best'?
  • 18 hours Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 5 hours Global Debt Worries. How Will This End?
  • 14 hours My interview on PDVSA Petrocaribe and corruption
  • 4 hours Quotes from the Widowmaker
  • 1 day Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 3 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 4 hours Tesla Launches Faster Third Generation Supercharger
  • 1 day Petroleum Industry Domain Names
Alt Text

The Natural Gas Nation Every Exporter Is Targeting

Germany is already the world’s…

Alt Text

Global LNG Markets Are Circling The Drain

Asian and European LNG prices…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Gazprom Continues To Ship Gas To Europe Like It’s Winter

Gazprom is currently shipping as much gas to Europe as it typically does in winter months, and expects demand this summer to be close to winter levels, Alexander Medvedev, Deputy Chairman of the Management Committee at the Russian gas giant, told Bloomberg in an interview in Berlin.

The coldest winter in Europe since 2012 depleted storage facilities across the continent that now need to be refilled. Industrial gas-fired power generation increases and economic growth in Europe further boost demand for gas, even if winter is now over and the period is generally a lull in gas demand and markets.

“Minimal historical gas storage levels will mean that summer demand will match winter demand of the not so distant past, given the need to refill the stores,” Medvedev told Bloomberg. “In addition, our gas remains the most cost-competitive,” he added.

Russia supplies around one-third of Europe’s gas and its closest competitor is Norway.

After the cold winter emptied gas storage sites and after the recent rally in oil prices, prices for gas for delivery to the UK next winter have jumped by 8.2 percent since the beginning of this month on ICE Futures Europe in London.

Gazprom gas deliveries to Europe reached an all-time high in March, beating a previous record from January 2017, the Russian company says. In the first quarter of this year, Gazprom’s gas supply to Europe increased by 6.6 percent compared to the same quarter last year.

Gazprom’s gas deliveries to European countries continued to grow in April, even after the winter heating season ended. According to the Russian gas giant, its gas deliveries between January 1 and April 15 rose by 6.3 percent compared to the same period of 2017, with supplies to Austria surging by 74.5 percent, to the Netherlands by 108.9 percent, and to France by 9.5 percent.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play