Gazprom Exports Dip 11.5% in October m-o-m

Russia’s Gazprom exported 139 million cubic meters of gas a day to countries outside the former Soviet Union in October, down 11.5% from September.

• Gazprom’s deliveries to its main foreign clients have fallen 42.6% from a year prior to 91.2 billion cubic meters.
• Daily flows via Ukraine averaged more than 42 million cubic meters in October, while shipments via TurkStream to Europe averaged around 29 million cubic meters a day.
• Russia’s total exports to Europe amount to just over a fifth of what they were before the invasion of Ukraine.
• Gazprom said that deliveries to China regularly exceed contracted volumes.
• Gazprom’s daily gas production averaged 990 million cubic meters in October, up almost 18% from a month earlier. Its production this year has fallen 19% from a year earlier to 344 billion cubic meters.
• Russia’s underground inventories reached a record 72.66 billion cubic meters last month.