A state energy analysis from a Russian official indicated that Gazprom continues to deliver natural gas to Europe through Ukraine at a normal dispatch level, reporting about 39.5 million cubic meters per day. This assessment aligns with statements circulated by a major Russian news agency at the time.
According to a Gazprom spokesperson, gas moved through the Sudzha entry point at the border, while the plan to route volumes via the Sokhranovka gas measuring station faced rejection. On that Friday, the gas volume recorded at Sudzha reached approximately 42.3 million cubic meters, reflecting ongoing activity at one key transit location.
The flow from the Sohranivka corridor to the European market experienced disruption on 11 May 2022 due to unforeseen events. The Ukrainian grid operator signaled the previous day that it could not manage the border facility near the Novopskov compressor, situated in a disputed regional zone. Consequently, the operator stated that new gas import applications would be declined and purchases halted for the foreseeable period.
Industry analysts noted that Gazprom generates substantial revenue from European sales routed through Ukraine, with estimates placing annual earnings in the several billions of dollars range. These calculations take into account current market prices and demand. The Ukraine route, alongside alternative channels, remains among the principal corridors for European gas supply attributed to Russia.
In European trading venues, wholesale gas prices showed notable volatility. On the London market, prices hovered around a level near 291.5 dollars per thousand cubic meters on a given trading day, finishing with a modest decrease. Throughout the day, the price eased, dipping below 300 dollars per thousand cubic meters for the first time in roughly two years since late 2022. Relative to the previous spring’s peak, this marks a dramatic retreat, illustrating the sensitivity of European gas pricing to shifts in supply expectations and geopolitical developments.
Observers have cautioned that European gas costs could experience renewed pressure during the coming winter, should supply arrangements or geopolitical dynamics change again. The ongoing balance between supply routes and storage levels will continue to shape price trajectories as markets calibrate risk and demand across the continent.