Russian Pipeline Gas Exports to Europe Soared by 23% Y/Y in June

Russia’s gas giant Gazprom shipped 23% higher volumes of natural gas via pipeline to Europe in June compared to the same month last year, according to estimates by Reuters. Gazprom’s pipeline gas deliveries averaged a daily volume of 81.8 million cubic meters (mcm) in June, up from 66.8 mcm in June last year, per the Reuters calculations based on data from European gas transmission group Entsog and Gazprom’s daily reports on gas transit via Ukraine. Gazprom’s export volumes in June 2024 declined from the 89.5 mcm daily…