According to Reuters, Gazprom 's average daily natural gas supply to Europe in July reached its highest level this year, up 5.7% over the same period last year and up 12% over June. .
Calculations based on data from European gas transmission group Entsog and Gazprom's daily report on gas transit through Ukraine show that the average daily export of gas through the pipeline has increased to 91, 5 million cubic meters in July 2024 from 86.6 million cubic meters in July 2023 and 81.8 million cubic meters in June.
The month-on-month increase was a result of the end of maintenance on the Turkstream gas pipeline from Russia to Turkey and a seasonal increase in demand as utilities began pumping gas into storage ahead of winter.
So far (in 2024), Gazprom's natural gas exports to Europe have amounted to 18.3 billion cubic meters. Annual traffic in Europe peaked in 2018-19 at between 175 billion cubic meters and 180 billion cubic meters.
According to Reuters, Russia has provided a total of about 63.8 billion cubic meters of gas to Europe along many different routes by 2022.
Gas volumes fell 55.6% to 28.3 billion cubic meters in 2023, the last time Gazprom published its own monthly statistics.
In 2023, Gazprom recorded its first annual loss since 1999 after a drop in gas exports to Europe cost the company 629 billion rubles ($6.9 billion).
While Europe continues to depend on gas supplies from Gazprom, the state-owned company's contracts with a number of European countries are increasingly under scrutiny as the Russia-Ukraine conflict moves forward. the third year.
In June 2024, an arbitration court allowed German energy company Uniper to end its long-term gas supply relationship with Gazprom and awarded the company more than 13 billion euros ($14.19 billion) in compensation. Often losses are caused by non-delivery of gas.
Following Germany's lead, Austrian Energy Minister Leonore Gewessler proposed in July to adjust the country's contract with Gazprom. Most recently, the Austrian ruling coalition agreed to add a clause to stop importing Russian gas by 2027.
Until May 2024, Austria received 90% of its gas through pipelines from Russia. According to Kurier newspaper, in 2023, Austria may have transferred about 4 billion euros to Gazprom to pay for gas.
Reuters reports that Austria is currently the EU country most dependent on Russian gas, considered a remaining gateway for Russian gas into Europe.
On July 10, Bulgaria's state gas company, Bulgargaz, also commenced arbitration proceedings against Gazprom, seeking compensation for alleged breach of contract.
