Russian energy giant Gazprom has increased gas extraction to 325.4 billion cubic meters (around 11 trillion cubic feet) in January-August 2018, which is 7.5 percent more compared to the same period in 2017, Gazprom said in a statement on Monday.
MOSCOW (Pakistan Point News / Sputnik - 03rd September, 2018) Russian energy giant Gazprom has increased gas extraction to 325.4 billion cubic meters (around 11 trillion cubic feet) in January-August 2018, which is 7.5 percent more compared to the same period in 2017, Gazprom said in a statement on Monday.
On August 30, Gazprom CEO Alexey Miller said that the company had increased gas extraction up to 352.2 billion cubic meters in the first eight months of 2018, according to preliminary estimates.
"In the [first] eight months of 2018, Gazprom has extracted 325.4 billion cubic meters of gas. This is 7.5 percent (22.7 billion cubic meters) more compared to the same period last year," the statement read.
The statement also specified that the energy giant had boosted its exports. In particular, the company's gas supplies to Austria increased by 39.7 percent, to Czech Republic - by 10.9 percent, to Denmark - by 9.7 percent, to France - by 10.1 percent, to Germany - by 13.1 percent, to Poland - by 7.5 percent and to the Netherlands - by 47.3 percent in the first eight months of this year, as compared to the similar period of 2017.
In 2017, Gazprom has increased gas extraction by 12.4 percent, up to 471 billion cubic meters. The company aspires to extract 476 billion cubic meters of gas in 2018.
