Gas deliveries via the Turkish Stream European pipeline set a new record. In July, Europe selects the maximum volumes of Russian pipeline fuel since the beginning of the year. According to experts, this is facilitated by the reduction in contract prices and the resale of gas by traders to countries that do not receive it directly from Gazprom.
On July 14, deliveries via the European branch of Turkish Stream set a historical record. According to the platform of GTS operators of the EU countries ENTSOG, on that day the gas flow at the Strandzha 2 / Malkochlar reception point increased to 49.6 million cubic meters. Prior to that, a similar volume occurred on March 2, 2022.
In July, deliveries through the European branch of the Black Sea gas pipeline show one of the highest figures for the entire period of its operation since January 2020. The average daily flow is 42.7 million cubic meters – 99% of the design capacity.
The growth of Gazprom’s exports to the EU in the southern direction is associated both with a decrease in the company’s contract prices and a virtual reverse, notes the Deputy Director of the FNEB Alexey Grivach. In his opinion, the cost of pipeline Russian gas roughly corresponds to spot prices in Europe.
“Plus, LNG is slowly moving to Asia,” the expert notes.
According to ENTSOG, shipments to Greece and Hungary rose to near-record levels in mid-July via Serbia and Romania. In addition, judging by the difference in volumes, Bulgaria takes Russian gas in the virtual reverse mode – more than 3 million cubic meters per day. Also, gas transit to Ukraine continues at the level of 4 million cubic meters. Obviously, for Moldova. Greek and Moldovan companies buy gas from European traders. For example, DESFA. And those with a virtual reverse give them part of their volumes of Russian gas.
July was the month when Russian gas supplies rose to their highest levels this year. If since the beginning of the year, average daily deliveries through Ukraine and along the European branch of the Turkish Stream amounted to about 70 million cubic meters, then in the middle of summer they rose above 85 million cubic meters.
As reported EADaily, in the first half of the year, Gazprom’s exports to the European Union, which has always been the company’s main source of income, fell four times. Gas prices have also dropped. Experts believe that Gazprom will have to adjust its investment program, but key projects will not be affected.
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2023-07-18 08:32:00
