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Gazprom (Russia) plans to increase gas production by 21% until 2030

13 Feb 2020

Russian gas giant Gazprom plans to increase its gas production by 21% over the next decade, from around 500 bcm in 2019 to 605 bcm in 2030. Gazprom sales to Europe should remain stable at around 200 bcm/year, while exports to non-CIS countries are expected to increase by 34% over the period 2019-2030, from 199 bcm in 2019 to 267 bcm.

In addition, the company will decrease its investments by 11% over the period 2020 and 2030. It intends to commission the 55 bcm/year Nord Stream 2 pipeline at the end of 2020, the 42 bcm/year Amur gas processing plant in 2021 and the 45 bcm/year gas and chemicals complex in Ust-Luga in 2023.

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