Europe & Russia: Trade
Russian exports to Europe will be of increasing importance this winter and next as the region’s import requirement grows.
Russian exports to Europe are expected to be broadly flat on an annual basis in November. Total exports for the month are anticipated to be around 17.4 bcm. Export volumes declined on an annual basis in October, but this was largely a result of the very high level of exports seen in October last year. Russia could send around 192 bcm to Europe in 2017, a rise of about 8% compared with 2016.