Shipments fell by around 16% due to record high winter temperatures and reduced consumption.
Russian gas transit to Europe via Ukraine fell about 16% last week due to hot weather and supply disruptions. This was reported by Reuters on January 10, citing a source.
According to the Kremlin-controlled company Gazpromdaily deliveries of Russian gas through Ukraine to Europe in the past five days have reached 35.5 million cubic meters, compared to more than 40 million cubic meters in the past few months.
The agency spokeswoman pointed out that the lower volumes likely reflected the record high winter temperatures experienced in much of Europe during the New Year.
“Gas prices in Europe are falling as a combination of mild weather and reduced industrial consumption led to an unusual seasonal increase in inventories,” the agency wrote.
As of January 8, European gas storage facilities were 83% full. It is worth noting that the number has changed slightly compared to the end of last year.
It will be remembered that last week, for the first time since September 2021, the price of natural gas in Europe fell below $700 per thousand cubic meters.
In addition to high temperatures, record LNG imports and increased wind power generation are helping to ease price pressures.
Gazprom’s exports to non-CIS countries have halved
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.