Russian pipeline gas exports to Europe stable in November
Russian pipeline gas exports to Europe stable in November
Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline were in line with the previous month in November, at 54.3 MMm3d, calculations showed on Monday.
The link is the only Russian gas transit route left to Europe after Ukraine chose not to extend a five-year transit deal with Moscow that expired on January 1.
Total Russian gas supplies to Europe via TurkStream stood at 16.3 Bm3 in the first 11 months of this year, up from 15.2 Bm3 during the same period of 2024, according to calculations based on data from European gas transmission group Entsog.
Gazprom's total pipeline gas exports to Europe in January-November last year amounted to 29.2 Bm3, a figure which included gas pumped via Ukraine.
Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.
If the current pace is maintained, Russian pipeline gas exports to Europe may amount to around 18 Bm3 this year, down 44% from 2024 due to the loss of the Ukraine transit. In 2024, Gazprom's gas exports to Europe rose by 13% to around 32 Bm3, according to Reuters calculations.
Russian pipeline gas exports to Europe peaked at more than 175 Bm3y–180 Bm3y in 2018–2019. On top of that, Gazprom's exports to Turkey amount to around 20 Bm3y.
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