Save for later Print Download Share LinkedIn Twitter Russian pipeline gas exports to Europe (including Turkey) were flat in 2021 at around 175 Bcm as a result of Gazprom's apparent policy decision to restrict supplies despite a post-Covid-19 recovery in demand. Gazprom's export flows have remained limited during the first few days of 2022, which is partly attributable to buyers minimizing their purchases at current high prices. The high prices seen in 2021 reflected tight supplies from Russia and other exporters, such as LNG-exporting countries. During the first seven days of the new year, Russian gas transit flows via Ukraine averaged just 55.7 MMcm/d — well below the average of 110 MMcm/d for 2022 agreed under a five-year transit deal signed in late 2019. Gas flows via the Yamal-Europe pipeline running across Poland to Germany have fallen to zero since Dec. 21, but Moscow insists this is because European buyers prefer to use the pipe in reverse mode to send gas in the easterly direction.
