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Russia's pipeline gas exports to Europe up 13% in 2024, calculations show

Pipeline gas exports by Russian energy giant Gazprom to Europe increased by 13% in 2024 to around 32 billion cubic metres (bcm), Reuters estimations showed on Saturday, slightly more than the 31 bcm supplied to China.

Gazprom's average daily pipeline exports have actually been stable this December, at 91.3 million cubic metres (mcm), in contrast with November, but rose by 7% from December 2023, estimations based upon data from European gas transmission group Entsog and Gazprom's everyday reports on gas transit by means of Ukraine revealed.

Its overall supply to the European Union stood at about 2.8 bcm in December, the preliminary data showed, including 1.5 bcm, or 49.2 mcm each day, sent via Turkey.

Gas transit by means of Ukraine has actually reached around 1.3 bcm this month, or 42.1 mcm each day, nearly unchanged from November despite Russia stopping gas exports to Austria's OMV in mid-November over a legal conflict.

Gazprom's exports to Europe through Ukraine this year have reached about 15 bcm.

The transit agreement between Moscow and Kyiv ends in the end of the year and is not likely to continue as Ukraine has repeatedly stated it hesitated to do so amid the armed force conflict.

President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit offer, and laid the blame securely on Ukraine for refusing to extend the contract that brings gas to Slovakia, the Czech Republic and Austria.

Gazprom, which has actually not published its own month-to-month stats because the start of 2023, did not respond to a request for comment.

Russia provided about 63.8 bcm of gas to Europe by various routes in 2022, Gazprom data and Reuters computations show. That fell by 55.6% to 28.3 bcm last year.

At their peak in 2018-2019, annual flows to Europe reached between 175 bcm and 180 bcm.

(source: Reuters)