Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Russia's pipeline gas exports to Europe jump 22% year-on-year in March amid Mideast crunch
    Finance

    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 read

    Last updated: April 1, 2026

    Add as preferred source on Google
    Russia's pipeline gas exports to Europe jump 22% year-on-year in March amid Mideast crunch - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:FinanceMarketsEnergyRussiaEurope

    Quick Summary

    In 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.

    Russia’s Pipeline Gas Exports to Europe Surge 22% in March During Mideast Tensions

    Overview of Russian Gas Exports to Europe

    March Export Figures and Key Routes

    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 as the Sole Transit Route

    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.

    Statistical Breakdown

    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.

    Historical Context and Company Response

    Gazprom's Export Trends

    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. 

    Peak Export Years

    Russian pipeline gas exports to Europe peaked at around 180 bcm per year in 2018-2019.

    Reporting Credits

    (Reporting by Reporting by Oksana Kobzeva. Writing by Vladimir Soldatkin. Editing by Mark Potter)

    References

    • Russia's Gas Exports to Europe via TurkStream up 10.3% in January - Institute of Energy for South-East Europe
    • End of Russian gas transit through Ukraine puts EU under pressure
    • Gazprom’s Gas Exports to Europe Fall to

    Table of Contents

    • Overview of Russian Gas Exports to Europe
    • March Export Figures and Key Routes

    Key Takeaways

    • •Gazprom’s TurkStream exports jumped 22% year-on-year in March to 55 m m³/day (1.7 billion m³ total) amid global energy supply strains (iene.eu)
    • •The Strait of Hormuz closure due to the Iran war heightened dependence on TurkStream as the only remaining pipeline route after Ukraine ended transit in January 2025 (lemonde.fr)

    Frequently Asked Questions about Russia's pipeline gas exports to Europe jump 22% year-on-year in March amid Mideast crunch

    1How much did Russian pipeline gas exports to Europe increase in March?

    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.

    2What impacted gas exports from Russia to Europe in March?
    Turkey as the Sole Transit Route
  • Statistical Breakdown
  • Historical Context and Company Response
  • Gazprom's Export Trends
  • Peak Export Years
  • Reporting Credits
  • •Despite the monthly rise, overall Russian pipeline exports to Europe remain near historic lows—about 18 billion m³ in 2025, the lowest since the mid‑1970s (themoscowtimes.com)
  • Exports increased due to disruptions in the Strait of Hormuz caused by the Iran war, limiting global energy supply routes.

    3Which pipeline is used for Russian gas exports to Europe after Ukraine deal ended?

    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.

    4How did Russian gas exports to Europe in Q1 compare to the previous year?

    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.

    5What was the historical peak of Russian pipeline gas exports to Europe?

    Russian pipeline gas exports to Europe peaked at around 180 billion cubic metres per year in 2018–2019.

    Previous Finance PostGerman Manufacturing Expands in March Despite Iran War Supply Strains, PMI Shows
    Next Finance PostFrench Manufacturing Stagnates in March as Middle East Conflict Hits Orders -Final PMI
    More from Finance

    Explore more articles in the Finance category

    Image for Amundi hires Cornil as COO from SocGen
    Amundi Hires Cornil as COO From SocGen
    Image for Europe risks recession if oil jumps over $150, ECB's Stournaras says
    Europe Risks Recession if Oil Jumps Over $150, ECB's Stournaras Says
    Image for Bank of England says Iran war has boosted threats to financial stability
    Bank of England Says Iran War Has Boosted Threats to Financial Stability
    Image for Analysis-Global first-quarter M&A exceeds $1.2 trillion, led by AI
    Analysis-Global First-Quarter M&A Exceeds $1.2 Trillion, Led by AI
    Image for UK food inflation heading towards 10% due to Iran war, industry says
    UK Food Inflation Heading Towards 10% Due to Iran War, Industry Says
    Image for Ryanair sees jet fuel supply disruption from May if Middle East war continues
    Ryanair Sees Jet Fuel Supply Disruption From May if Middle East War Continues
    Image for Trump says U.S. strongly considering NATO exit, Telegraph newspaper says
    Trump Says U.S. Strongly Considering NATO Exit, Telegraph Newspaper Says
    Image for PE firm Arcline walks away from bid for UK's Senior as other suitors circle
    PE Firm Arcline Walks Away From Bid for UK's Senior as Other Suitors Circle
    Image for UK factories see biggest month-on-month jump in costs since 1992, PMI shows
    UK Factories See Biggest Month-On-Month Jump in Costs Since 1992, PMI Shows
    Image for New BP CEO takes helm pledging consistency, staff note shows
    New Bp CEO Takes Helm Pledging Consistency, Staff Note Shows
    Image for Euro zone factory growth hits 45-month high amid supply disruptions, PMI shows
    Euro Zone Factory Growth Hits 45-month High Amid Supply Disruptions, PMI Shows
    Image for German institutes cut 2026, 2027 growth forecasts, raise inflation outlook
    German Institutes Cut 2026, 2027 Growth Forecasts, Raise Inflation Outlook
    View All Finance Posts