Gazprom Daily Output Hit Multiyear Low in July on Export Slump
- Gas output averaged 774 million cubic meters/day: calculations
- Daily deliveries to key markets shrank 22% m/m in July
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Gazprom PJSC’s daily gas production plummeted in July to the lowest since at least 2008 as its exports to key markets fell for a fourth consecutive month.
Russia’s gas giant pumped an average of 774 million cubic meters a day last month, down 14% from June, according to Bloomberg calculations based on data published Monday. Gazprom’s output so far this year is 262.4 billion cubic meters, a decline of 12% from the same period a year ago. The company planned to produce 494.4 billion cubic meters in 2022, down 4% from last year.