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Data shows that Russian gas exports to Europe fell by 2% m/m during August.

Calculations show that the average daily supply of natural gas to Europe by Russian energy giant Gazprom via the TurkStream pipeline undersea decreased 2% from the previous months.

The only remaining transit route for Russian gas into Europe is through Turkey after Ukraine decided not to renew a transit agreement with Moscow that expired in January.

Calculations show that the total Russian gas supplied to Europe through TurkStream in the first eight month of this year was around 11.5 billion cubic meters (bcm), compared to 10.8bcm for the same period last year.

Gazprom exported 21.1 billion cubic meters of gas to Europe between January and August last year. This figure included gas that was pumped through Ukraine.

According to calculations based on data provided by the European Gas Transmission Group Entsog, Russian gas exports through the TurkStream pipeline decreased from 51.5 million cubic metres (mcm) per day per day during July to just 50.4 mcm/day in August. This was an increase from the 47.6 million cubic metres shipped through this route in August of 2024.

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% in 2023 to 28,3 bcm, but increased in 2024 to about 32 bcm.

Gas flows into Europe peaked between 2018 and 2019. The annual flow was 175 to 180 bcm. (Reporting and editing by Mark Trevelyan; Oksana Kobizeva)

(source: Reuters)