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GASPROM INCREASES GAS PRODUCTION: Will cover one third of growing world consumption

Aroj by Aroj
November 23, 2021
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GASPROM INCREASES GAS PRODUCTION: Will cover one third of growing world consumption
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GASPROM has increased natural gas production by 15.2 percent or 58.8 billion cubic meters over ten and a half months this year compared to the same period in 2020, which will cover more than a third of the world’s growing gas consumption, the Russian gas holding company announced today. .

GASPROM INCREASES GAS PRODUCTION: Will cover one third of growing world consumption

Foto: Printskrin

– More than a third of the world’s gradual growth in gas consumption will be covered by Gazprom’s increase in production. Therefore, the company not only supports the reliable business of the Russian fuel and energy sector, but also makes a significant contribution to the development of the global energy market, the company said, reports TASS.

According to preliminary data, the consumption of natural gas in the world will increase by 150 billion cubic meters to a total of 4.2 trillion cubic meters. The largest growth in demand is recorded in Russia, China and Europe, Gazprom’s main markets.

The Russian gas giant also announced that it does not plan to produce shale gas, which, as it points out, has a negative impact on the environment, since it has proven gas reserves at conventional fields.

Shale gas, which is produced using the method of hydraulic fracturing of rocks, will acquire the status of a “contaminated” energy source as the importance of the environmental agenda grows, Gazprom believes.

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