Russia’s state controlled gas giant Gazprom reported a slight increase in gas production in the first half of 2025 as increased exports to China and Turkey helped offset the impact of the halt to Russian gas flows via Ukraine at the start of the year.

In its latest operational update filed with Russian authorities on Monday, Gazprom said that it produced 209.5 billion cubic metres of natural gas between January and June this year, an increase of less than 1% compared with the same period of 2024.

Of the total output, the company delivered 185 Bcm of gas to domestic and overseas customers during the first six months, compared with 186.7 Bcm in the first half of 2024. The balance was pumped into underground storage in Russia or consumed for the company’s own energy needs, Gazprom said.

Meanwhile, according to official Turkish import data compiled by Russian state news agency Tass, Gazprom’s exports to Turkey via the subsea Blue Stream and Turkstream pipelines rose to 11 Bcm in the first half of 2025, up by 28% compared to the same period in 2024.

In 2024, Gazprom sent a total of about 15.4 Bcm of gas via Ukraine to Slovakia, the Czech Republic, Austria and Moldova, throughput data from Ukrainian transmission operator TSOUA shows.

According to Russian statistics energy Rosstat, total natural gas output in Russia fell to about 335.2 Bcm in the first half of this year, 3% less than in the first half of 2024 as almost all other Russian companies’ gas output fell.

Reflecting this declining trend in overall Russian gas production, Gazprom said that the volume of gas transported via the country’s pipeline network — which it operates — declined by over 2% year-on-year to 301.2 Bcm between January and June.

The company said that the decline in pipeline shipments was linked to lower deliveries to Russian domestic customers.

Gazprom said on Monday that Novatek shipped 35.8 Bcm of its gas to Russian customers in the first half of this year via its trunkline network.

US-based think tank the Carnegie Endowment for International Peace estimated in January that Gazprom could forfeit about $4.5 billion of revenues in 2025 as a result of the end to gas flows across Ukraine, assuming that the halt did not trigger a major run-up in European gas prices, which it did not.

Gazprom said in its report that its first-half consolidated revenues declined by about 2%, or 98 billion roubles ($1.2 billion), to less than 5 trillion roubles. Net income fell more sharply, down by more than 5% to 983 billion roubles, according to the report.

However, the Russian giant said that the government’s approval of an increase of more than 10% in the regulated gas price effective from 1 July

Source: Upstream