The President of Russia

09/09/2019 | News release | Distributed by Public on 09/09/2019 07:32

Meeting with Gazprom CEO Alexei Miller

Vladimir Putin had a working meeting with Chair of the Gazprom Management Board Alexei Miller who briefed the President on the company's performance, preparations for the autumn-winter heating season and the prospects for one of the company's major projects, the Power of Siberia. The President and Gazprom CEO also discussed the company's relations with Ukrainian and European consumers of Russian gas.

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President of Russia Vladimir Putin: How is work proceeding, Mr Miller? May I ask you to start with domestic developments? How is the company getting along, what are its performance indicators and plans? And what about relations with its partners, including on our major projects?

Gazprom CEO Alexei Miller: Mr President,

Our main task at this point is to prepare for the upcoming autumn and winter period and pump gas into underground storage facilities. The volume of supplemental gas in Russia's underground storage facilities as of the beginning of the gas withdrawal period stands at 72.2 billion cubic metres.

By the beginning of the autumn and winter period, we will reach a daily output of 843.3 billion cubic metres in Russia's underground storage. This will be an all-time high for the country's natural gas industry.

By the end of the year, Gazprom intends to pump at least 11.4 billion cubic metres of gas into underground storage facilities in Europe, which would be twice last year's volume.

We see that our European partners are actively pumping gas into their underground storage facilities, and our Ukrainian colleagues are trying to do the same.

There is no doubt that one of the factors behind this surge in the volume of gas pumped into underground storage facilities is that the contract for gas transits through Ukraine expires on December 31.

To be continued.