Gazprom natural gas production declines as Russian supplies to Europe fall
Friday, July 29, 2022
Russia’s state-owned energy corporation, Gazprom, has produced 10.4% less natural gas since January, as pipeline exports to Europe have been cut 33.1% so far this year, according to Natural Gas Intelligence.
Russian natural gas production totaled 249.7 billion cubic meters between Jan. 1 and July 15, which was down 29.1 Bcm compared to the same period in 2021, according to Gazprom’s preliminary estimates.
During the same time period, natural gas exports to countries outside of the Soviet Union totaled 71.9 Bcm, which is 35.6 Bcm less year-over-year. However, Russia has increased exports to China.
Learn more: Natural Gas Intelligence > Gazprom Natural Gas Production Drops Sharply as Russia Squeezes European Supplies
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.