CEO says Russia's Gazprom maintains good liquidity level

MOSCOW, Sep 16 (PRIME) -- Russian gas giant Gazprom has kept a good liquidity level, and the situation is becoming normal, CEO Alexei Miller said at a meeting with President Vladimir Putin on Wednesday.

"The current production figures of Gazprom fully correspond with market demand and the macroeconomic situation as a whole. Gazprom keeps strong liquidity figures, a great degree of certainty and security in the operations. The situation is and was normalizing for the last few months," Miller said.

Miller said that Gazprom will fulfill all client demands during the forthcoming winter season. The company spent 56 billion rubles on its program of gas supplies in 2020, which is 60% more than in 2019.

Putin said he would order to consider making Gazprom the united operator of regional houses' connection to gas supplies.

Miller said that the company can finish 2020 ranking among the top-5 gas exporters historically. Exports to non-CIS states amounted to 16.3 billion cubic meters in August, rising 5% on the month.

The first results of a technical feasibility study of gas exports to China across Mongolia will be ready in January–March, Miller said. "A memorandum of intent was signed during a conference call with the prime minister of Mongolia concerning the establishment of a special-purpose vehicle that will develop the technical feasibility study and choose the layout of the pipeline. We will be able to discuss the results of the work in the first quarter of 2021," Miller said.

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