In July, the daily deliveries of Russian natural gas to Europe hit a peak for the year, rising by 5.7% from last year and 12% from June, as per Reuters calculations.
This surge is attributed to the completion of maintenance on the “TurkStream” pipeline and the seasonal uptick in demand as winter gas storage preparations begin.
Based on Enzog’s data and Gazprom’s daily reports, the average daily export of pipeline gas rose to 91.5 million cubic meters in July, up from 86.6 million cubic meters in July 2023. Gazprom’s total natural gas exports to Europe this year reached around 18.3 billion cubic meters.
Reuters also notes that the peak flow of Russian gas to Europe was seen in 2018-2019 at 175-180 billion cubic meters annually. However, in 2023, Gazprom faced losses of nearly $7 billion due to reduced gas exports to Europe, marking the company’s first annual loss since 1999.
Original source: theins.ru