Russia's revenue from pipeline gas supplies to Europe this year to be about USD 5 billion - Reuters

Russian state-owned Gazprom has increased natural gas exports through pipelines by more than 12.5% ​​since the beginning of 2024. By the end of the year, the company's profit from pipeline gas sales to Europe could reach USD 5 billion.

This was reported by Reuters on December 24.

According to Reuters, the total volume of gas exports to Europe through all pipelines this year increased to 32 billion cubic meters. In 2023, Gazprom pumped 28.3 billion cubic meters of gas to European countries.

The agency estimated that this year russia could earn about USD 5 billion from gas sales through the pipeline that runs through Ukraine.

At the same time, Ukraine, as before, receives from USD 0.8 to USD 1 billion in profit for the transit of russian gas.

Russia has stated that it is ready to extend the agreement on gas transit through the territory of Ukraine, but Kyiv has repeatedly said that it will not do so.

As Ukrainian News Agency earlier reported, the day before, Prime Minister of Ukraine Denys Shmyhal said that at 07:00 on January 1, 2025, the country would stop the transit of russian gas to Europe.

As we will recall, in early September this year it became known that Azerbaijan is negotiating with Ukraine and russia to maintain the transit of russian gas through Ukrainian territory.