MOSCOW (Reuters) – Russian gasoline producer Gazprom (MCX:) stated it could ship 42.4 million cubic metres of gasoline to Europe by way of Ukraine on Saturday, the identical quantity as on Friday, regardless of expectations of gasoline provides cuts to Austria over a contractual dispute.
Russian Interfax information company cited knowledge from European gasoline pipeline operators as saying that gasoline exports from Russia by way of Ukraine had been steady, whereas Austrian firm OMV was not among the many gasoline recipients.
It stated OMV often accounted for round 40% of Russian gasoline flows by way of Ukraine, or some 17 mcm per day. It was not instantly clear if the flows have been redirected.
Russia advised Austria on Friday it could droop gasoline deliveries by way of Ukraine ranging from 0500 GMT on Saturday, in a growth signalling an finish to Moscow’s final gasoline flows to Europe.
Russia’s present five-year settlement with Ukraine expires in the long run of this 12 months, and Kyiv has repeatedly stated it’s not prepared to increase it amid the continuing navy battle.
Moscow’s suspension of gasoline for Austria, the principle recipient of gasoline by way of Ukraine, means Russia will now solely provide important gasoline volumes to Hungary and Slovakia, in Hungary’s case by way of a pipeline operating largely by means of Turkey.
In distinction, Russia met 40% of the European Union’s gasoline wants earlier than Moscow despatched 1000’s of its troops to Ukraine in 2022.
Russia shipped some 15 billion cubic metres of gasoline by way of Ukraine in 2023, about 8% of peak Russian gasoline flows to Europe by way of numerous routes in 2018-2019, in line with knowledge compiled by Reuters.
In 2023, the Ukraine transit route met 65% of gasoline demand in Austria and its japanese neighbours Hungary and Slovakia, in line with the Worldwide Power Company.
