Gazprom exports to non-FSU sales down a quarter YTD
Natural gas exports by Gazprom to countries outside the former Soviet Union were down 26.4% year/year between January 1 and April 15, the company reported on its Telegram channel.
Deliveries during the period amounted to 44.6bn m3. Supplies to the Russian market were down 3.6%, Gazprom added, while its production totalled 155.9bn m3, down 1.3% yr/yr.
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TTF gas futures contracts have remained elevated this month despite warmer temperatures. The May contract is down 4.8% so far on April 19, at €91 ($98.2)/MWh.
EU gas storage facilities are now 28.7% full, according to data published by Gas Infrastructure Europe. The bloc aims to raise this to 80% by October 1 and 90% by November 1, to safeguard supply security next winter, amid the risk of a disruption in Russian flows. Gazprom said these targets were "very ambitious", noting that such a large amount of gas – 63bn m3 – had not been placed in storage during the injection season in recent years.