Russia's Gazprom sends record amount of gas to Europe on January 1

By bne IntelliNews January 3, 2017

Russian state-controlled energy company Gazprom sent a daily record of 160.75mn cubic metres of natural gas to Europe via its Nord Stream pipeline on January 1, according to its CEO Alexei Miller.

“The current level of load demonstrates that the northern corridor for Russian gas supplies to European market is at high demand. And once again confirms the importance and urgency of building Nord Stream 2. The voice of the customer is calling for this route,” Vedomosti daily quoted Miller as saying on January 3.

In 2015, the gas delivered via Nord Stream amounted to 39bcm, which is 80% of design capacity. And volumes have increased since then. Nord Stream told bne IntelliNews that in 2016 the average utilisation rates had risen to 99% in week 52 of 2016, up from an average of 87% in December and 80% average for the whole of last year.

These increases come on top of the steady increase in the pipeline’s capacity thanks to ongoing investment: In January-December 2014 there was 35.5bcm through-put of gas, or 65% of capacity; in 2015 39.1bcm (71%); and 2016: 43.8bcm (80%), according to Nord Stream.

Increased deliveries were possible after the European Commission gave Gazprom permission to use the Opal pipeline in addition to Nord Stream, increasing the allowable capacity usage of Opal from 50% to 90%.

Meanwhile, construction of the twin pipeline, Nord Stream 2, remains extremely controversial, with Poland in particular attempting to block the project in European courts. The pipeline would run under the Baltic Sea straight to terminals in Germany, but Poland is lobbying for the pipeline to run over its territory, thereby entitling it to large transit tariffs.

Related Articles

Enea buys French utility out of Poland

Enea has acquired a 100% stake in Engie Energia Polska - the Polish business of French power company Engie - for PLN1.26bn (€290mn), the state controlled Polish utility said on March 14. The ... more

EU asks CEE to comment on Russian gas promises

The European Commission has invited comments from Central & Eastern European states on proposals put forward by Russian gas giant Gazprom to meet competition concerns. Visegrad and the Baltic ... more

Iran's crude oil exports climb to 3mn bbl/day for first time since 1979 revolution

Iran’s crude oil exports recently hit 3mn barrels a day for the first time since the 1979 Islamic Revolution, Petroleum Minister Bijan Namdar Zanganeh told state news agency IRNA on March 8. The ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss