Russian Pipeline Gas Exports to Europe Fall 19% in March

MOSCOW (Reuters) - Russian energy giant Gazprom's GAZP.MM average daily natural gas supplies to Europe via the TurkStream undersea pipeline fell by 19.4% in March from a month earlier, Reuters calculations showed on Monday.

Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with Moscow when it expired on January 1.

Calculations based on data from European gas transmission group Entsog showed that Russian gas exports via the TurkStream pipeline fell to 45.0 million cubic metres (mcm) per day this month from 55.8 million cubic metres per day in February. That was also down from 46.4 mcm in March 2024.

Total Russian gas supplies to Europe via TurkStream stood around 4.5 billion cubic metres (bcm) in the first three months of this year, compared to 7.7 bcm during the same period a year earlier, according to Reuters calculations.

The company, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.

Russia supplied about 63.8 bcm of gas to Europe by various routes in 2022, Gazprom data and Reuters calculations show. That plummeted by 55.6% to 28.3 bcm in 2024, but increased to around 32 bcm in 2024.

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

(Reporting by Oksana Kobzeva; Editing by Andrew Osborn)