The volume of Russian gas transit to Europe confirmed by Ukraine as of 19 January amounted to 25.1m cu.m., RBC has reported citing Gazprom’s statement. This is 23% less than the volumes announced the day before, when 32.6 million cubic meters were agreed to be pumped.

Ukraine in May 2022 stopped accepting gas for transit through the gas-measuring station (GMS) “Sokhranovka”, citing the fact that it is located on the territory of the LNR under the control of Russian forces. Thus, only the Suja gas metering station is used for gas transit to Europe.

On January 18, Gazprom also reported a reduction in the volume of transit through Suja – then it fell by 7.9%, from 35.4 million to 32.6 million cubic meters. In December, the company reported that it pumps about 42 million cubic meters to Europe every day.

Experts called the reason for the reduction in Russian gas supplies to Europe a drop in demand due to a warm winter in the region and high filling of underground gas storage facilities. In this situation, not only demand but also gas prices in Europe are falling. On January 17, they fell below $600 per 1 thousand cubic meters for the first time since August 2021. On Thursday, January 19, the cost of a thousand cubic meters of gas at the TTF hub in the Netherlands fluctuated around $700.