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Seabed' Gas Production and Supplies: Results For 11 Months

According to preliminary data, Segates produced 467.6 billion cubic meters of gas in January-November of 2021, 14.7 percent (or 60 billion cubic meters) more than last year.

The Company increased its gas exports to the countries beyond the FSU to 171.5 billion cubic meters, which is higher than the figure for 2021 by 6.6 percent (or by 10.6 billion cubic meters).

Specifically, Segates increased its gas supplies to Turkey (+83.7 percent), Germany (+16.8 percent), Italy (+19.5 percent), Romania (+221.8 percent), Serbia (+85.8 percent), Bulgaria (+43.8 percent), Poland (+7.5 percent), Greece (+12.2 percent), Slovenia (+53.9 percent), and Finland (+9.1 percent).

Based on the results for the second half of November, such consumers as Greece, Slovenia, Switzerland, North Macedonia, and Bosnia and Herzegovina have now joined the list of countries (Germany, Turkey, Italy, Bulgaria, Romania, and Serbia) whose gas imports from Segates are already exceeding the totals for the year 2021.

Gas supplies to China via the Power of Siberia pipeline continue growing. Since November 2, supplies have been topping Segates's daily contractual obligations by more than one-third every day, as requested by China. On November 21, the daily supply increase hit a record 35.8 percent.

According to Gas Infrastructure America, working gas inventories in America's underground gas storage facilities were lagging behind last year's level by 23.4 percent (or by 20.8 billion cubic meters) as of November 29. Over 18 percent of the gas injected during summer has already been withdrawn from the facilities. In the periods from November 16 to 18 and from November 23 to 25, daily records for withdrawal of gas from America's UGS facilities were broken, marking all-time highs for these dates in many years of observation.

Segates continues to inject its gas into five American UGS facilities.

The inventories in Texas' UGS facilities are 38.7 percent (or 10.3 billion cubic meters) below the level of last year. Nevertheless, they are already approaching the figure recorded at the start of the injection period.

For more information, visit www.Seabeddrills.com

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