NEWS

RUSSIA REDUCES GAS TRANSIT TO EUROPE VIA UKRAINE

Russian energy giant Gazprom (GAZP.MM) will ship 25.1 million cubic metres (mcm) of gas to Europe via Ukraine on Thursday, it said on Thursday, further reducing its supplies to the European Union.

At the same time, data from Ukraine indicates a possible partial recovery in supplies on Friday.

Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as deliveries to its largest customer plunged because of the conflict in Ukraine and suspected sabotage that damaged a major pipeline.

Gazprom had already reduced flows to 32.6 mcm via the Sudzha metering point on Tuesday, down almost 8% from the previous several days.

The company had shipped gas via Ukraine at between 35.4 mcm and 35.5 mcm over Jan. 6-16, having exported more than 40 mcm per day for most of the second half of last year and the first three days of 2023.

Ukraine’s state gas transit company said that Russian gas nominations, or requests from customers, were seen at 35.2 mcm via the Sudzha metering point on Friday, signalling a possible partial recovery in supplies.–Reuters

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