Russian gas exports to Europe increased in June compared to last year

Russian gas exports to Europe increased in June compared to last year
Russian gas exports to Europe increased in June compared to last year

Russian energy giant Gazprom’s average daily deliveries of natural gas to Europe jumped nearly 23% in June from a year earlier, rebounding from last year’s lows, although they fell 8.6% from May, Reuters calculated on Tuesday.

Exports were lower last month than the previous month due to planned maintenance work on the TurkStream undersea gas pipeline from June 6 to 9.

The calculations, based on data from European gas transport group Entsog and Gazprom’s daily reports on gas transit through Ukraine, showed that average daily pipeline exports decreased to 81.8 million cubic meters (mcm) last month from 89.5 mcm in May, but were up from 66.8 mcm in June 2023.

Gazprom’s natural gas exports to Europe this year have totaled around 15.5 billion cubic metres (bcm) so far.

Europe was once Russia’s main export market, but it now receives much less Russian gas because of the political response to the conflict in Ukraine.

Gazprom has instead increased its gas sales to China, which increased its pipeline gas imports from Russia to 22.7 billion cubic meters last year, almost 1.5 times more than the 15.4 billion cubic meters shipped in 2022.

Gazprom has not published its own monthly statistics since the start of 2023. It did not respond to a request for comment.

Russia supplied a total of about 63.8 billion cubic meters of gas to Europe through various routes in 2022, according to Gazprom data and Reuters calculations. The volume decreased further, by 55.6%, to 28.3 billion cubic meters last year.

At their peak in 2018-2019, annual flows to the region reached between 175 and 180 billion m3.

-

-

PREV XRP Price Could Rise by 40%
NEXT To lower electricity prices, the next government will have to change the rules