Gazprom estimates 2021 exports to Europe, Turkey at 183 bcm

MOSCOW, Oct 25 (PRIME) -- Russian gas giant Gazprom has maintained its 2021 forecast of exports to Europe and Turkey at 183 billion cubic meters (bcm), head of the export branch Gazprom Export Yelena Burmistrova said, as quoted by the corporate magazine on Monday.

"We have kept the estimate for the European gas sales to Europe and Turkey for the year at up to 183 bcm," Burmistrova said. The supplies to Turkey are planned at 24–25 bcm in 2021.

Burmistrova separately said that the sales to China via the Sila Sibiri pipeline amounted to 7.1 bcm in January–September.

The official said that 2022 sales would depend on the weather and liquefied natural gas (LNG) market. Burmistrova could not provide a forecast for the sales on the electronic platform in 2021.

Sales from the LNG portfolio of the company are to total more than 8 million tonnes in 2021.

According to Burmistrova, Gazprom is extending indexation of the contract prices by more stable products.

"The share of contracts linked to the spot prices and forwards on the European markets in our portfolio grew significantly over the last few years,” she said.

“At the same time, to ensure predictability of the financial flow, we extend indexation of prices by more stable forward products."

The company is confident about its competitiveness of its gas even if the E.U. introduces the hydrocarbon tax on gas, she added.

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