Total exports of Russian gas to European countries have so far been 18-20% higher this year than in 2023, Deputy Prime Minister Alexander Novak said on Wednesday…
Total exports of Russian gas to European countries have so far been 18-20% higher this year than in 2023, Deputy Prime Minister Alexander Novak said on Wednesday.
In January to November, supplies of pipeline gas and liquefied natural gas (LNG) exceeded 50 billion cubic metres, Novak said.
"Despite all the statements and sanctions pressure because gas is a highly ecological product, it is in demand. And Russian gas is the most cost-efficient, both in terms of logistics and the price," he said on state TV station Rossiya-24.
The increase was from a very low base in 2023, when Russian pipeline gas supplies to Europe plummeted by 55.6% to 28.3 bcm as Moscow's relations with the West sharply deteriorated due to the Ukraine conflict.
Supplies are expected to recover to around 32 bcm this year, according to Reuters calculations based on state-controlled gas giant Gazprom's daily exports and statistics from European gas pipeline operators.
Russian pipeline gas exports to Europe face serious challenges.
A five-year gas transit deal between Moscow and Kyiv that has seen Russian exports flow via Ukraine despite the war, expires at the end of the year and Ukraine has said it won't renew the arrangement.
Around half of
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