Pipeline shipments of Russian natural gas decrease by almost...| MENAFN.COM

Monday, 26 September 2022 06:39 GMT

Pipeline shipments of Russian natural gas decrease by almost 40 percent


(MENAFN) Based on the United States Energy Information Administration (EIA), pipeline shipments of Russian natural gas to the European Union (EU) and the United Kingdom (UK) fell by approximately 40 percent in the first seven months of this year in comparison to the same period last year.

According to the IEA, which used data from Refinitiv Eikon, natural gas exports decreased by nearly 50 percent between 2017 and 2021.

The organization stated that the nation’s exports dropped to 1.2 billion cubic feet per day (bcf/d) in mid-July, the lowest level in over 40 years.

Between 2016 and 2020, the European Union and the United Kingdom received around one-third of their natural gas through pipeline from Russia, according to Eurostat.

According to statistics from the Russian energy giant Gazprom, Russia sells natural gas to the European Union and the United Kingdom through three major pipeline corridors, which together account for around 16 bcf/d of import pipeline capacity.

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