Russian pipeline gas supplies to Europe rise by 14% in 2024

MOSCOW: Russia increased pipeline gas supplies to Europe by 14% in 2024 compared to the previous year, to 32.1 bln cubic meters, according t...

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MOSCOW: Russia increased pipeline gas supplies to Europe by 14% in 2024 compared to the previous year, to 32.1 bln cubic meters, according to TASS estimates based on data from Russia’s Gazprom gas giant and the European Network of Transmission System Operators for Gas (ENTSOG).

In 2023, Russian pipeline gas supplies to Europe stood at about 28.15 bln cubic meters, according to data from Gazpron and ENTSOG.

In particular, gas supplies to western and central European countries through Ukraine stood at 15.4 bln cubic meters in 2024, a six percent rise from the year before.

Gas supplies to southern and southeastern European countries via the TurkStream pipeline increased by 23% to 16.7 bln cubic meters in 2024. In December 2024 alone, Russian gas exports to Europe via this route went up three percent compared to November.

In addition, according to data from Turkey’s Energy Market Regulatory Authority, Russian pipeline gas supplies to the country could reach some 20 bln cubic meters in 2024. That said, Russia’s yearly pipeline gas supplies to Europe (including Turkey) may reach about 52 bln cubic meters compared to 49 bln cubic meters in 2023.

Gas transit through Ukraine

The agreement on Russian gas transit via Ukraine, which expired on January 1, provided for the transportation of 40 bln cubic meters of Russian gas through Ukraine annually. However, Kiev’s refusal to extend the deal forced the Russian company Gazprom to stop gas transit on the morning of January 1, the gas giant said.

Russian President Vladimir Putin said earlier that there would definitely be no new contract for Russian gas transit because it’s not possible to make an agreement just days before the New Year. Kiev, in turn, announced plans to stop Russian gas transit.

Meanwhile, Ukraine is ready to resume gas transit based on a request from the European Commission as long as gas is not considered as "Russian," while the Russian president pointed to the possibility of contracts with third parties, namely Turkish, Hungarian, Slovak and Azerbaijani companies.

-News Feed