Russian natural gas pipeline exports to Europe continued to decline in August as the conflict in Ukraine rages on.
Russia n natural gas pipeline exports to Europe declined by 2% in August compared to both August last year and July 2024, according to estimates by Reuters published on Monday. Last month, gas giant Gazprom ’s average daily pipeline shipments to Europe fell to 89.6 million cubic meters, down by 2% month-on-month and down by 2.3% from August 2023, per the Reuters calculations based on data from Europe an gas transmission group Entsog and Gazprom ’s daily reports on gas transit via Ukraine.
After the Sokhranivka entry point for Russian gas transit via Ukraine was closed, Gazprom had to divert all the gas it can send to the Sudzha entry point. Gazprom’s pipeline exports via Ukraine accounted for nearly half of all pipeline shipments from Russia to the EU in August, according to Reuters’s calculations. So far this year, Gazprom’s shipments to Europe have increased compared to the very low levels of 2023. Year to date in August, these have jumped by 19.2%, per the Reuters estimates.
Natural Gas Pipeline Exports Europe Gazprom Ukraine War Energy Security Norway Diversification Gazprom
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