gas supplies from Russia to the EU in July reached a maximum since August 2022 – Kommersant

The supply of pipeline gas from Russia to the EU countries in July 2023 became the highest since August last year, reaching a share of 16% in the total volume of European imports since the beginning of the year. report Forum of Gas Exporting Countries (GECF).

“EU imports of pipeline gas in July 2023 increased by 16% compared to the previous month and reached 13.5 billion cubic meters. m… The increase in imports was caused by an increase in deliveries from Norway, Russia and Algeria during the month. Deliveries from Russia reached the highest level since August 2022,” the document says.

Russia reduced gas supplies to Europe after the outbreak of hostilities in Ukraine, suspending exports via the Yamal-Europe and Nord Stream gas pipelines, which were subsequently undermined. Now Gazprom supplies gas to Europe through the Sudzha checkpoint through Ukraine and the Turkish Stream.

In mid-July, there was a drop in the cost of gas in Europe, including due to the increase in supplies from Norway, the filling of underground storage facilities and weak demand. According to experts, the demand for gas for the power industry began to grow after the onset of heat in southern Europe.

More details – in the publication “Kommersant” “Norway has cooled the gas market”.

Alexander Kislov