... same period in 2023, and by 10.7% in the first eight months of this year, reaching 377 billion cubic meters, according to Rosstat data. "The driver of this growth remains the restoration of supplies to Europe. Gazprom's exports to EU countries (European Union — Ed.) — including transit supplies to Serbia and North Macedonia — increased by 36% in the first eight months of 2024, reaching 97 million cubic meters of gas per day (m³/day), of which 54 million m³/day were delivered through the Balkan ...

... pipeline system is controlled by Gazprom and consists of pipelines running from Turkmenistan through Uzbekistan and Kazakhstan to Russia. This leaves Azerbaijan as the most realistic partner in this scenario. Currently, Azerbaijan delivers gas to the European Union via Turkey using the TANAP and TAP pipelines. Azerbaijan supplies 10 billion cubic meters of gas annually to countries such as Turkey, Greece, Albania, and Italy. “Russia could negotiate a swap arrangement with Azerbaijan. Russian gas that ...

... ambiguous note. On one hand, the US released weak labor market data indicating a sharp slowdown in hiring, which amplified concerns about economic growth prospects. On the other hand, geopolitical tensions have somewhat eased: the United States and the European Union managed to reach a compromise and avoid a large-scale trade war, bolstering risk appetite. Wall Street indices, after setting record highs in July, faced volatility amid mixed signals, while prices for safe-haven assets, such as gold, once again ...

... supplies to Europe, which ultimately led to an increase in gas production," he noted. Referring to data from the European Network of Transmission System Operators for Gas (ENTSOG), the expert clarified that Gazprom's average daily exports to the European Union (EU) in the first eight months of 2024 grew by 35% year-on-year, reaching 97 million cubic meters per day compared to 72 million cubic meters per day in January–August 2023. This figure includes transit supplies to Serbia and North Macedonia,...

... the afternoon, the crucial price index from the U.S. Federal Reserve will be made available. These releases will largely determine the market sentiment as they transition into autumn. The external backdrop is further complicated by geopolitics: the European Union is concluding a multi-day meeting focusing on a new sanctions package against Russia. Concurrently, several major companies from various sectors (ranging from high-tech to raw materials) are set to present their financial results, providing additional ...