Gas exports by Gazprom in April fell to a minimum in three months - Bloomberg

02 May 2022, 16:15 | Economy
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Gazprom's daily gas sales to key foreign markets fell to their lowest level in three months in April.

Bloomberg writes about it..

According to the agency, Gazprom supplied an average of 387 million cubic meters of gas per day to countries outside the former USSR in April, which is 22% less than in March..

In the first four months of the year, Gazprom exported 50.1 billion cubic meters - 26.9% less than in the same period in 2021, the company reported..



As Bloomberg notes with reference to analysts, in April it turned out to be more profitable for European consumers to buy gas on the spot market, rather than under long-term contracts with Gazprom..

"

Also, warm weather reduced demand for heating and heating in Europe, which also helped contain price increases and prompted Gazprom customers to book smaller volumes of gas under contracts and buy gas on the exchange..

In April, spot market prices were lower than long-term deals, making it "




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