Gazprom updates Sept record for daily gas supplies to consumers by Russia's UGSS amid early cold weather

Early autumn cold, which this year arrived two weeks early, requires additional volumes of gas from gas companies for the market, with heating beginning in Moscow two weeks earlier than last year, as per Interfax.

"Gazprom set a new historical record for September for daily gas supplies from the Unified Gas Supply System [UGSS]. On September 29, 982.1 million cubic meters of gas were supplied to Russian consumers. The record for hourly gas consumption during the day for September was also updated - 42,863 cubic meters (1028.7 million cubic meters in daily terms)," Gazprom said.

"The increase in gas consumption is linked to the sharp cold snap and the start of the heating season in many regions of the country," it said.

The previous maximum indicators for September include 971.8 million cubic meters of daily supplies and 41,092 cubic meters of hourly gas consumption during the day (986.2 million cubic meters in daily terms) recorded on September 30, 2021.

Air temperature, primarily during the heating season, is the main factor determining levels of consumption, and hence gas production.

The UGSS is Gazprom's network of trunk gas pipelines which covers the European part of Russia and Siberia up to Altai and Kuzbass. To the east, the gas supply is currently represented by autonomous gas transportation systems, which will be connected to the UGSS in the future.
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Retail trade turnover in Russia increased 2.8% year-on-year in August, Rosstat said on Wednesday, as per Interfax.

The result was better than the Interfax consensus forecast, which expected an increase of 2.2%. The growth quickened from 2% in July 2025. The turnover increased 2.2% in January-August.

Retail trade in food, including beverages and tobacco, rose 1.5% YoY in August and 2.4% in July, and 2.4% in 8M. Non-food retail trade rose 4.2%, 1.6% and 2%, respectively.

Food retail accounted for 46.9% of all retail in August 2025 and non-food retail for 53.1%, compared with 46.3% and 53.7%, respectively, in August 2024. Retail trade was 5.354 trillion rubles in nominal terms in August and 39.431 trillion rubles in 8M 2025.

The consensus forecast of economists surveyed by Interfax in September suggests that the growth rates will continue to slow down in 2025, and the indicator will increase 2.2%. The updated official forecast of the Economic Development Ministry from September 2025 envisages an increase in the indicator of 2.5%.

Retail trade turnover in Russia increased 7.7% in 2024.

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OPEC has received updated schedules for compensation for past overproduction under the OPEC+ deal from eight countries that participated in voluntary oil production cuts in line with an agreement reached on September 7, the organization said in a press release, as per Interfax.

Under the new schedule, Russia will compensate, meaning additionally cut production, by 34,000 barrels per day every month from the set quotas in the period from September through December 2025.

Under the previous schedule, Russia was supposed to compensate 226,000 bpd from September through December, including 85,000 bpd in September, 70,000 bpd in October, 65,000 bpd in November and 6,000 bpd in December.

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Russian GDP grew an estimated 0.4% year-on-year in August, the Economic Development Ministry said in a report on the current economic situation, as per Interfax.

GDP rose 0.4% in July also. It rose 1.0% in June, 0.7% in May and 1.5% in April. GDP grew 1.1% in March, 0.5% in February and 2.7% in January.

The economy grew an estimated 1.0% year-on-year in January-August, the ministry said.

"The Russian Economic Development Ministry estimates GDP grew 0.4% year-on-year in August 2025, as in July. The seasonally adjusted growth rate was 0.0% month-on-month. GDP growth was 1.0% year-on-year in the first eight months of 2025," the ministry said.

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Operating conditions in the US manufacturing sector continued to improve in September, but less than in August owing to slower growth in new orders, according to Chemweek.

The seasonally adjusted PMI came to 52.0 in September, down from 53.0 in August. A PMI above 50 indicates improvement from the previous month, while a figure below 50 indicates decline.

“US manufacturing production rose for a fourth successive month in September, but the upturn lost momentum as companies reported a drop in order book growth alongside a buildup of unsold finished goods inventories,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.

New orders increased for a ninth consecutive month, but only modestly and at a level below the survey average, said Market Intelligence. Exports were a key factor, falling for a third month in a row. Survey respondents cited tariffs, particularly for exports to Canada and Mexico.

“Despite a slowing in demand growth, many factories produced more goods, using up raw materials that had been stockpiled ahead of tariff implementation,” Williamson said. “This poses a downside risk to future production in the absence of a pickup in demand, though [it] also hints at some alleviation of price pressures -- there is already evidence of companies offering excess stock to customers at reduced rates.”

Williamson said tariff-related vendor delays increased in September. If they persist or intensify, he added, they could result in production constraints and higher prices.

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