Russia's Pipeline Gas Exports to Europe Jump 22% Year-On-Year in March Amid Mideast Crunch
Published by Global Banking & Finance Review®
Posted on April 1, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GooglePublished by Global Banking & Finance Review®
Posted on April 1, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GoogleIn March 2026, Gazprom’s average daily gas exports to Europe via TurkStream rose 22% year-on-year to 55 m m³/day, totaling 1.7 billion m³. The uptick reflects re‑routing amid Strait of Hormuz disruptions, with Turkey now the sole pipeline corridor after Ukraine’s transit halt.
MOSCOW, April 1 (Reuters) - Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline rose 22% from a year earlier to 55 million cubic metres in March, Reuters calculations showed on Wednesday.
Supplies increased as the Strait of Hormuz, which normally carries around 20% of global crude, products and liquefied natural gas, was effectively closed to most shipping due to the Iran war, leaving energy markets dangerously exposed.
Turkey is now the only transit route for Russian gas to Europe after Ukraine chose not to extend a five-year deal with Moscow that expired in January 2025.
Calculations based on data from European gas transmission group Entsog showed total Russian gas supplies to Europe via TurkStream stood at 1.7 billion cubic metres last month, up from 1.4 bcm in March 2025.
Supplies were broadly steady from February.
For the first three months of the year, exports increased 11% year on year to around 5 bcm.
Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.
The company's gas exports to Europe fell 44% last year to just 18 bcm, the lowest since the mid-1970s, following the closure of the Ukrainian route, according to Reuters calculations.
Russian pipeline gas exports to Europe peaked at around 180 bcm per year in 2018-2019.
(Reporting by Reporting by Oksana Kobzeva. Writing by Vladimir Soldatkin. Editing by Mark Potter)
Gazprom's average daily natural gas supplies to Europe via the TurkStream pipeline rose 22% year-on-year to 55 million cubic metres in March.
Exports increased due to disruptions in the Strait of Hormuz caused by the Iran war, limiting global energy supply routes.
After Ukraine chose not to extend its deal with Moscow, the TurkStream pipeline through Turkey became the only transit route for Russian gas to Europe.
For the first three months of the year, Russian gas exports to Europe increased by 11% year-on-year to around 5 billion cubic metres.
Russian pipeline gas exports to Europe peaked at around 180 billion cubic metres per year in 2018–2019.
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