Gazprom’s Exports in Tailspin as Flows to Europe Still Curtailed
- Daily gas supplies to key markets fell 3.9% in November
- Gazprom’s exports to Europe are at a fifth of prewar levels
A Gazprom PJSC Chayandinskoye oil, gas base in the Sakha Republic, Russia.
Source: Bloomberg
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Gazprom PJSC’s daily natural-gas flows to key markets fell in November for the third month in a row as Moscow continued to limit deliveries to Europe.
Pipeline gas flows from Russia to Europe have been shrinking for months as the Kremlin hits back at sanctions following its invasion of Ukraine. Supply concern intensified last week when a payment spat between Gazprom and Moldova threatened to reduce flows via Ukraine -- the last remaining route still bringing Russian fuel to western Europe -- though the dispute was resolved.