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    Russian pipeline gas exports to Europe rise 4% in February m/m - Reuters calculations

Summary

Average daily natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM were up 4% in February from average January levels and rose by almost 26% from the same month of 2023, Reuters calculations showed on Thursday.

by: Reuters

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Russian pipeline gas exports to Europe rise 4% in February m/m - Reuters calculations

 - Average daily natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM were up 4% in February from average January levels and rose by almost 26% from the same month of 2023, Reuters calculations showed on Thursday.

The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports of Russian gas to Europe rose to 84.9 million cubic metres (mcm) last month from 81.6 mcm in January.

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This was up from 67.5 mcm in February 2023.

Gazprom's natural gas exports to Europe so far this year have reached about 4.99 billion cubic metres (bcm).

Russia's gas exports to Europe, once its primary export market, have fallen sharply because of the political fallout from the conflict in Ukraine.

Gazprom is boosting supply of gas to China instead: total pipeline gas exports to the country rose to 22.7 billion cubic metres in 2023, nearly 1.5 times more than the 15.4 bcm shipped in 2022.

Russia supplied a total of around 63.8 bcm of gas to Europe by various routes in 2022, according to Gazprom data and Reuters calculations. The volumes plummeted further, by 55.6%, to 28.3 bcm last year.

At their peak in 2018-2019, annual flows reached 175-180 bcm.

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

 

(Reporting by Oksana Kobzeva; Editing by Emelia Sithole-Matarise)