Gazprom global sales drop by 17% in Q2

by   CIJ News iDesk V
2020-08-18   12:05

Gazprom’s international gas sales in Q2 slid by 17% year-on-year to 44.9 Bcm, according to the company’s Q2 report. The drop was the same as in Q1 when sales were also down by 17% on the back of a second consecutive mild winter and robust storage stocks. Gazprom sales in Q2 last year were strong as a result of storage demand driven by fears of potential gas supply disruption ahead of the expiry of the Russia-Ukraine transit deal. Gazprom sales in its biggest market Germany fell by 28.2%, or by 3.32 Bcm to just 8.47 Bcm in Q2, according to the data. In Hungary, Gazprom’s sales slumped in Q2 by 34.2% to just 2.5 Bcm.