Russia's January–April natural gas output up 7.8%

MOSCOW (Reuters)Russia's natural gas output for January to April rose 7.8% yr-on-yr to 253.3 Bm3 thanks to a rising domestic demand and eastbound exports, Kommersant daily reported on Monday, citing sources familiar with energy ministry's data.

It also said that Russian natural gas output in April alone, including flaring, increased by 2.6% to 56.4 Bm3.

Kommerasnt said that Russia's largest natural gas producer Gazprom could have increased output by 10.8% in the first four months of the year to 167 Bm3. The data does not give Gazprom's output separately, the newspaper said.

The Kremlin-controlled company registered a loss of almost $7 B, its first annual loss since 1999, hit by plummeting gas exports to Europe resulting from the political fallout over the conflict in Ukraine.

(Reporting by Vladimir Soldatkin; Editing by David Goodman)


Related News


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}