Russian gas sales to EU hit record high

May 10, 2018 8:19 pm

European countries boosted imports of Russian gas to unprecedented levels in April with overall supplies in 2018 expected to climb above 200 billion cubic meters for the first time ever

In the first quarter of this year, Gazprom’s gas deliveries to Europe reportedly increased by 6.6 percent against the same quarter a year ago. The deliveries to European countries kept on growing last month, even after the winter heating season ended.

In April, the Russian energy giant shipped some 15.9 billion cubic meters of gas to non-CIS countries. The number is seen as record-breaking with shipments reportedly soaring to rates that are unusual for warmer months.

Sales of the Russian gas to Europe reached 70 billion cubic meters from January to April. Europe continued purchasing higher volumes, even after the winter, to refill gas storage that had been drained during cold months.

According to rough estimates, the company may sell a record volume of natural gas throughout the entire history of gas exports, including the Soviet period. Gazprom’s gas supplies to European countries hit an all-time high in March, beating a previous record reported by the firm in January 2017.

Source URL: http://eurasiatx.com/russian-gas-sales-eu-hit-record-high/