Gazprom Increases Gas Production by 12.4%. Exports by 8.1% in 2017

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Russia’s gas giant Gazprom boosted production by 12.4% to 472 billion cubic meters (bcm) and exports to Europe by 8.1% to 193.6 bcm in 2017. the company’s CEO Alexei Miller told reporters on Wednesday.

`In 2017. according to operative data. Gazprom produced 471 bcm of gas. up 12.4% as compared to 2016. It is the best growth in production in the company’s history. In absolute figures. the production increased by 51.9 bcm.` Miller said.

Miller added that `2017 was the year of Gazprom’s new records of exports.`

`We set a new record of exports per year. According to operative data. in 2017 the company exported 193.9 bcm of gas to non-CIS countries. which is 14.6 bcm (by 8.1%) above the previous maximum reached in 2016 (179.3 bcm).` he said.