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Data shows that Russian gas exports to Europe increased 37% m/m during July.

Calculations showed that the average daily supply of natural gas to Europe by Russian energy giant Gazprom increased 37% from a previous month when maintenance had reduced it, according to calculations released on Friday.

After Ukraine decided not to renew a transit agreement with Moscow that expired in January, the only route for Russian gas to reach Europe is through the TurkStream pipeline and Turkey.

According to calculations based on data provided by the European Gas Transmission Group Entsog, Russian gas exports through the TurkStream pipeline increased from 37.6 million cubic metres per day to 51.5 mcm/day in July.

This was an increase of 4.7% compared to July 2024, when the mcm stood at 49.2

Calculations show that the total Russian gas supplied to Europe through TurkStream in the first half of the year was around 9.93 billion cubic meters (bcm), compared to the 9.3 bcm delivered during the same time period last year.

Gazprom exported 18.3 billion cubic meters of gas to Europe between January and July last year. This figure includes volumes that were transited via Ukraine.

The company did not reply to a comment request. It hasn't published its monthly statistics since 2023.

Gazprom's data and calculations indicate that in 2022, Russia will have supplied 63.8 billion cubic meters of gas via various routes to Europe.

This fell by 55.6%, to 28,3 bcm. However, it increased to about 32 bcm.

Gas flows into Europe peaked between 2018 and 2019. The annual gas flow to Europe was 175-180 bcm. (Reporting and editing by Andrew Osborn.)

(source: Reuters)