Page 164 - RusRPTJun24

India. Whose it is, is also a rhetorical question. Fuel exports from India to Europe increased by 124% compared to January. Russia has increased its export of liquefied natural gas to Europe by 37% compared to 2021.
9.1.1c Gas sector news
Gas consumption in the EU has reached a ten-year low. Reducing dependence was simply achieved by killing off the industry.
Russian energy giant Gazprom's average daily natural gas supplies to Europe declined in April by 6% from March but rose 10.3% year on year, Reuters calculations showed on Thursday. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 83.4mn cubic metres (mcm) last month from 88.7 mcm in March, but they were up from the 75.6 mcm in April 2023. Gazprom's natural gas exports to Europe this year have reached about 10.2bn cubic metres (bcm). Europe was once Russia's primary export market but now receives much less Russian gas as a result of the political response to the conflict in Ukraine. Gazprom has instead increased gas sales to China, which increased pipeline gas imports from Russia to 22.7 bcm last yera, nearly 1.5 times more than the 15.4 bcm shipped in 2022. Gazprom has not published its own monthly statistics since the start of 2023. It did not respond to a request for comment. Russia supplied a total of about 63.8 bcm of gas to Europe by various routes in 2022, according to Gazprom data and Reuters calculations. The volume decreased further, by 55.6%, to 28.3 bcm last year. At their peak in 2018-2019, annual flows to the region reached between 175 bcm and 180 bcm.
Russia expects to sign a contract for the construction of the Power of Siberia 2 gas pipeline to China through Mongolia in the near future, Deputy Prime Minister Alexander Novak said on the Rossiya 1 TV channel on May 17. "We also plan to finish the consideration and sign a contract in the near future for the construction of a gas pipeline with a capacity of 50bn cubic meters of gas through the territory of Mongolia. There are other new projects as well," he said. At the end of December 2023, Novak said that Gazprom and the Chinese CNPC were finalizing an agreement on economic and commercial conditions for the implementation of the Power of Siberia-2 project. Design and survey work to lay the Power of Siberia-2 section through Mongolia was also underway.
Russian hydrocarbons can be supplied to China via a number of different routes, including along the Northern Sea Route (NSR), Russian President Vladimir Putin told reporters.
164 RUSSIA Country Report June 2024 www.intellinews.com