Russia’s Gazprom reduced gas supplies to Germany, Turkey in March: report

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AFP PHOTOS

Russian gas giant Gazprom decreased its supplies to major clients Germany and Turkey in March, Reuters reported, citing the Interfax news agency.

Natural gas pipeline exports by Gazprom, which account for around 35 percent of the European gas market, plummeted by almost one-fifth in the first quarter against the backdrop of weak demand, a source familiar with the data told Reuters last week.

Turkey reduced imports from Gazprom sevenfold year-on-year to a symbolic 206 million cubic meters in March, Interfax said.

Supplies to Germany fell by 45 percent year-on-year to 2.67 billion cubic meters in March, the news agency added.

Gazprom’s March exports to Austria and Belarus were also down — by 25 percent and 8 percent, respectively, while supplies to Italy and Hungary rose by 19 percent, Interfax said.

The state-controlled gas company has said it expects its natural gas exports to decline by around 16 percent in 2020 as the coronavirus crisis hit global demand.

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