Europe & Russia: Trade
Supplies of Russian gas to Europe are expected to rise significantly in January as the region’s supply/demand gap grows, and strong export levels are likely to continue as Gazprom seeks to retain its market share.
Russian exports to Europe are anticipated to increase by 23% year on year in January, to 18.5 bcm. The country is expected to continue to send large volumes of gas to Europe through Q1 as weather-related consumption and strong power sector offtake mean the requirements for Russian gas will grow. However, even as seasonal demand eases, Gazprom’s exports to Europe are still expected to be strong as the company looks to retain its share of the European market.