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Investing.com -- The average daily natural gas supplies from Russian energy giant Gazprom (MCX:GAZP) to Europe through the TurkStream undersea pipeline experienced a 19.4% decrease in March compared to the previous month. This information was derived from calculations made public on Monday.
Following Ukraine’s decision not to renew a five-year transit agreement with Moscow that expired on January 1, Turkey has become the sole transit route for Russian gas to Europe.
Data from European gas transmission group Entsog indicated that Russian gas exports via the TurkStream pipeline dropped to 45.0 million cubic metres (mcm) per day this month, down from 55.8 mcm per day in February. This figure also represents a decline from 46.4 mcm in March 2024.
In the first quarter of this year, total Russian gas supplies to Europe via TurkStream were approximately 4.5 billion cubic metres (bcm), a significant reduction compared to 7.7 bcm during the same period in the previous year, as per calculations.
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