Gazprom Increases Market Share in Europe and Turkey

In 2015, Gazprom increased market share in Europe and Turkey by one percentage point, from 30.2% to 31.2%, according to calculations, reported Interfax.

While available statistics from the International energy Agency (IEA) on consumption in these markets during the first 9 months of 2015, Interfax Global Energy analysts say that in the fourth quarter of 2015, gas consumption in Europe will grow by 4% and Turkey 1%. This corresponds to a consumption of the overall market “Europe+Turkey” for the year 2015 in 522,8 billion cubic meters, which is 4.5% more than in 2014 (500,5 billion cubic meters).

According to preliminary calculations, which are consistent with the estimates of management at Gazprom, in the current year exports abroad will be 159.3 billion cubic meters (including in December – 15.4 billion cubic meters plus 33% by December 2014).

To this figure must be added the figure of 3.9 billion cubic meters deliveries to Lithuania, Latvia and Estonia (are members of the EU, but export statistics are “near abroad”), total 163.2 billion cubic meters And this corresponds to 31.2% of 522,8 billion cubic meters.

At the end of 2012, the share of Gazprom on the European market and Turkey was at the level of 25.4%, in 2013 – a 29.9%.