Russia’s Gazprom to cover third of global gas consumption growth in 2021

Must read

5 Ways To Make Your Business Stand Out This Christmas

Oxford Street on December 24, 2016 in London, England. Christmas shoppers hunt for last minute ... presents in central London on Christmas Eve....

5 ChatGPT Prompts To Become A Sought-After Thought Leader

5 ChatGPT prompts to become a prominent thought leader emmaburcusel.com When you are renowned for your expertise, business becomes easier. Rather than going out...

Accountability Groups: The Symbiotic Support Business Owners Need For The Long Haul

By Levi Lapp, founder and CEO of Signature Builders, an outdoor living company that builds structures for your lifestyle. getty If you’re looking...

The Dynamic Terrain Of Entrepreneurship: Navigating Challenges And Revealing Rewards

By Andrey Shelokovskiy, owner of 360 Painting of Dallas. getty The journey of entrepreneurship is a thrilling roller coaster that entices many with...

Russian state-run energy giant Gazprom has ramped up production of natural gas to meet as much as a third of the world’s increase in consumption this year, the company said.

Gazprom’s output surged 16.6%, or 56.7 billion cubic meters, since the beginning of the year through the middle of October, compared to the same period a year ago. The increase was triggered by the dramatic surge in global demand as major economies reopened after the coronavirus pandemic.

“Thus, Gazprom is not only ensuring the reliable operation of Russia’s fuel and energy complex, but also making a considerable contribution to the development of the global energy market,” the company said in a press release.

Also on rt.com Russia’s Gazprom ramps up production as gas exports surge

The preliminary estimates cited by Gazprom show that global gas consumption is expected to grow by 150 billion cubic meters to 4.2 trillion cubic meters in 2021, with the largest, most significant upturn in gas demand to come from the company’s key markets – Russia, China and Europe.

“Despite changes in the price environment – surging gas prices in Asia and Europe – and new initiatives for the decarbonization of the economy, leading research organizations continue to forecast significant increases in global gas consumption in the short and long term,” the company said.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

5 Ways To Make Your Business Stand Out This Christmas

Oxford Street on December 24, 2016 in London, England. Christmas shoppers hunt for last minute ... presents in central London on Christmas Eve....

5 ChatGPT Prompts To Become A Sought-After Thought Leader

5 ChatGPT prompts to become a prominent thought leader emmaburcusel.com When you are renowned for your expertise, business becomes easier. Rather than going out...

Accountability Groups: The Symbiotic Support Business Owners Need For The Long Haul

By Levi Lapp, founder and CEO of Signature Builders, an outdoor living company that builds structures for your lifestyle. getty If you’re looking...

The Dynamic Terrain Of Entrepreneurship: Navigating Challenges And Revealing Rewards

By Andrey Shelokovskiy, owner of 360 Painting of Dallas. getty The journey of entrepreneurship is a thrilling roller coaster that entices many with...

From Zero To 15.9 Billion Video Views: Lessons From YouTube Sensation 7clouds

Zvezdan Zdravic, founder and CEO of the YouTube channel and record label, 7cloudsZvezdan Zdravic Marketing luminary Seth Godin once said that marketing is no...