Russian gas forecasts
April 29 (LNGJ) - Russian natural gas production is expected to increase by 4.6 percent in 2024 to 666.7 billion cubic metres, while pipeline gas exports are forecast to rise by 7 percent to 108 Bcm. Russia’s Non-Commonwealth of Independent States natural gas prices for nations such as China and Turkey are expected to be at the level of around $297.3 per 1,000 cubic metres in 2024.
The official Russian data said that LNG exports are forecast to grow by 14 percent to 38 million tonnes in 2024, though no provision is included in the data for tougher sanctions against Russian LNG currently being considered by the European Union. “Gas production is expected to continue growing to 695.4 Bcm in 2025 and pipeline gas exports will grow to 120 Bcm in 2025,” the report said.
Gazprom profits jump as pipeline prices and volumes increase with Europe and Asia demand surge
Gazprom, the Russian natural gas company supplying pipeline gas to Europe and China in competition to LNG, returned to a nine-month profit after a previous loss as the value of sales more than doubled and sales of gas increased by 18 percent in volume with the start of the partial global economic recovery.
