Gazprom gas exports rise 26% on supply to Ukraine

Energy Trade

OAO Gazprom, the world's biggest natural-gas producer, said H1 exports rose 26% as the company began selling the fuel to Ukraine after it stopped paying with gas for pumping services through Ukrainian pipelines. Exports rose to 110.9 billion cubic meters from 87.9 billion a year earlier, Moscow-based Gazprom's export unit, OOO Gazexport, said yesterday in an e-mailed statement. Deliveries to western Europe rose 2.2% to 82.14 billion cubic meters. Exports to eastern Europe climbed 2.6% to 23.51 billion cubic meters. Sales to former Soviet states jumped to 28.73 billion cubic meters from 7.57 billion because of the supplies to Ukraine, according to Gazexport. Gazprom pumps 90% of the gas in Russia, the world's biggest gas producer, and supplies 25% of western Europe's gas needs. It's Russia's only exporter of the fuel to countries outside the Commonwealth of Independent States, which comprises all the former Soviet states except the three Baltic countries. Gazprom this year agreed to sell gas to Ukraine through a Swiss-registered trading company. The Russian producer is transporting about 75% of its exports to Europe via pipelines across Ukrainian territory. Until last year, Gazprom paid Ukraine with gas deliveries for transport services. (Bloomberg)
Alteo Revenue Down 26% in Q1 Green Energy

Alteo Revenue Down 26% in Q1

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Gen Z Bringing New Challenges to Office Market Office Market

Gen Z Bringing New Challenges to Office Market

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’ History

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.