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Published by Global Banking & Finance Review®
Posted on April 1, 2026
2 min read
Overview of Russian Gas Exports to Europe
March Export Figures and Key Routes
MOSCOW, April 1 (Reuters) – Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline rose 22% from a year earlier to 55 million cubic metres in March, Reuters calculations showed on Wednesday.
Supplies increased as the Strait of Hormuz, which normally carries around 20% of global crude, products and liquefied natural gas, was effectively closed to most shipping due to the Iran war, leaving energy markets dangerously exposed.
Turkey as the Sole Transit Route
Turkey is now the only transit route for Russian gas to Europe after Ukraine chose not to extend a five-year deal with Moscow that expired in January 2025.
Statistical Breakdown
Calculations based on data from European gas transmission group Entsog showed total Russian gas supplies to Europe via TurkStream stood at 1.7 billion cubic metres last month, up from 1.4 bcm in March 2025.
Supplies were broadly steady from February.
For the first three months of the year, exports increased 11% year on year to around 5 bcm.
Historical Context and Company Response
Gazprom’s Export Trends
Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.
The company’s gas exports to Europe fell 44% last year to just 18 bcm, the lowest since the mid-1970s, following the closure of the Ukrainian route, according to Reuters calculations.
Peak Export Years
Russian pipeline gas exports to Europe peaked at around 180 bcm per year in 2018-2019.
Reporting Credits
(Reporting by Reporting by Oksana Kobzeva. Writing by Vladimir Soldatkin. Editing by Mark Potter)