Finance
Russian pipeline gas exports to Europe stable in November, data shows
Published by Global Banking & Finance Review®
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Russian gas exports to Europe via TurkStream remained stable in November, with daily supplies averaging 54.3 million cubic metres.
MOSCOW, Dec 1 (Reuters) - Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline were in line with the previous month in November, at 54.3 million cubic metres per day, Reuters calculations showed on Monday.
The link is the only Russian gas transit route left to Europe after Ukraine chose not to extend a five-year transit deal with Moscow that expired on January 1.
Total Russian gas supplies to Europe via TurkStream stood at 16.3 billion cubic metres in the first 11 months of this year, up from 15.2 bcm during the same period of 2024, according to Reuters calculations based on data from European gas transmission group Entsog.
Gazprom's total pipeline gas exports to Europe in January-November last year amounted to 29.2 bcm, a figure which included gas pumped via Ukraine.
Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.
If the current pace is maintained, Russian pipeline gas exports to Europe may amount to around 18 bcm this year, down 44% from 2024 due to the loss of the Ukraine transit.
In 2024, Gazprom's gas exports to Europe rose by 13% to around 32 bcm, according to Reuters calculations.
Russian pipeline gas exports to Europe peaked at more than 175-180 bcm per year in 2018-2019.
On top of that, Gazprom's exports to Turkey amount to around 20 bcm per year.
(Reporting by Oksana Kobzeva; Writing by Vladimir Soldatkin)
Natural gas is a fossil fuel used as an energy source for heating, cooking, and electricity generation. It is primarily composed of methane and is considered a cleaner alternative to other fossil fuels.
Gazprom is a Russian state-owned energy company that is the world's largest producer of natural gas. It is involved in the extraction, production, and distribution of gas and oil.
The TurkStream pipeline is a natural gas pipeline that runs under the Black Sea, connecting Russia to Turkey and further to Europe. It is a key route for Russian gas exports.
A transit route is a pathway through which natural gas or other resources are transported from one location to another, often crossing multiple countries or regions.
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