Russian pipeline gas exports to Europe down 18% m/m in June
Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline fell by 18.3% in June from a month earlier amid maintenance of the infrastructure (learn more), calculations showed on Wednesday.
Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with Moscow when it expired on January 1.
Total Russian gas exports to Europe in January-June fell to 8.33 Bm3 from 15.5 Bm3 in the year-earlier period, taking into account supplies via Ukraine, according to the available data.
Calculations based on data from European gas transmission group Entsog showed that Russian gas exports via the TurkStream pipeline declined to 37.6 MMm3pd in June from 46 MMm3pd in May.
That was also down from 39.5 MMm3 shipped via the route in May 2024.
Russian gas supplies to Europe via TurkStream rose by around 6.8% in the first half of this year from 7.8 Bm3 during the same period a year earlier, according to Reuters calculations.
Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.
Russia supplied about 63.8 Bm3 of gas to Europe by various routes in 2022, Gazprom data and Reuters calculations show. That plummeted by 55.6% to 28.3 Bm3 in 2023, but increased to around 32 Bm3 in 2024.
At their peak in 2018–2019, Russian annual gas flows to Europe reached between 175 Bm3 and 180 Bm3.
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