Gazprom reports surge in exports in Q1

Days after opposition to a pipeline expansion project fell, Russian energy company Gazprom said its natural gas sales to foreign countries are up 15 percent.

Russia is one of the main suppliers of natural gas to the European economy. Gazprom, the dominant gas player, said exports during the first quarter were up nearly 20 percent for the German economy, 24 percent to Poland and 14 percent for France.

According to a review of the data by Russian news agency Tass, Gazprom gas supplies to foreign countries were up 15 percent year-over-year during the first quarter.

That supports a January report from S&P Global Platts, which found European demand for natural gas accelerating against declining domestic production.

Read more at UPI.

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