This past year of 2016 set a new record for the export history of Gazprom, Russia’s biggest gas company. Its chairman, Alexey Miller, has claimed that by the end of the year Gazprom will have shipped a total of 180 billion cubic meters to non-CIS countries.
Gazprom had only planned to export between 166 and 170 billion cubic meters of gas in 2016 (in 2015, 158.56 billion cubic meters of gas were delivered to non-CIS countries).
But even this new high is not the limit. Gazprom’s latest calculations envision a further uptick in shipments in 2017, and those will primarily be to the European Union. The key factors here are, first and foremost, the weather conditions (this winter promises to be a more severe one in Europe than last year), and second - the jump in demand for gas in Europe that has been seen in recent months in the face of lower domestic production in EU countries.
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