Gazprom expects natural gas production to reach its highest level in 10 years in 2021

According to a report on the natural gas processing website on May 27, Gazprom raised its forecast for natural gas production in 2021 to 506.

Gazprom has experienced a cold winter and the impact of COVID-19 has reduced.

It is predicted that production will be the highest since 2011, when Gazprom's production was 513.

Gazprom’s deputy general manager Vitaly Markelov said at an online briefing that the company’s output in the first quarter had exceeded expectations by approximately 6.

Another Gazprom official, Sergey Menshikov, said that the increase in production is supported by existing oil fields, and the company plans to introduce new oil and gas fields, such as Kharasavey, to support future production.

The company is shifting its focus to new oil fields located on the Yam Peninsula, which is rich in oil and gas resources in the Arctic.

Wang Lei excerpted from natural gas processing

The original text is as follows:

Russia's Gazprom sees 2021 gas output at 10-year high

Gazprom increased its forecast for gas output for 2021 to 506.

    Gazprom has seen higher demand in Europe, where it accounts for more than a third of the gas market share, following a cold winter and easing of COVID-19 lockdowns.

    The forceast production would be the highest since 2011, when Gazprom produced 513.

    Vitaly Markelov, a deputy Gazprom head, told an online briefing that the company has already exceeded its first-quarter production forecast by around 6.

    Another Gazprom official, Sergei Menshikov, said the production increase is provided by existing fields, while the company plans to bring on stream new deposits, such as Kharasavey, to support future production.

    The company is shifting its focus to new fields located in the oil and gas-rich Yam peninsula in the Arctic.