Gazprom to send 32.6mn m3 of gas via Ukraine on Jan 18
Russia's Gazprom has said it intends to send 32.6mn m3 of gas to Europe on January 18, in line with the supply level in recent days, but down 20% from the daily average in the final months of 2022.
Reuters reported on January 17 that daily pipeline gas exports by Gazprom to Europe – both via Ukraine and via the TurkStream – were down 22% in the first half of January versus the level in December. The slump comes amid unusually mild seasonal weather.
Russian pipeline gas flow to Europe dropped to a post-Soviet low in 2022, as a result of Gazprom cutting off buyers for failing to pay in rubles, and restricted flow via the Nord Stream and Yamal-Europe pipelines.
High temperatures, as well as ample LNG supply and subdued industrial demand, have led to spot gas prices in Europe plummeting to levels not seen since before the war in Ukraine began. The front-month TTF contract dropped to €55.45/MWh ($638/'000 m3) on January 16 – its lowest level since December 2021.