Europe & Russia: Trade
Russian gas exports to Europe are expected to see strong increases in April, as the region’s supply/demand gap grows.
Europe is expected to import roughly 14.9 bcm of gas from Russia in April, an increase of approximately 13% year on year. This is a rise from growth in March, when Russian exports to Europe rose by around 4% on an annual basis, to 15.6 bcm. Although demand is expected to weaken in leading markets in April, so too will indigenous output. This, combined with requirements for storage builds, will lead to the need for greater levels of imports.