Gazprom stopped updating its gasflow data on 24th February. As such, it has become difficult for investors to keep a track of European natural gas imports from Russia. We aim to plug that gap by launching our Longview Europe Natural Gas Imports Tracker, which can be found HERE.
Europe’s energy dependence on Russia has become a major talking point as EU diplomats deliberate the next round of sanctions against Russia. While the US easily (rather symbolically) banned Russian oil and gas imports, it remains a tricky affair for Europe to follow the same. The EU imports 90% of its gas consumption, with Russia providing more than 40% of it. Under the REPowerEU plan, the EU claims it can reduce its natural gas dependence on Russia by about 2/3rds by the end of 2022.
While it's debatable if such an optimistic target can be achieved within such a short space of time, the reality of soaring energy prices continues to haunt the continent. In addition, as Gazprom stopped updating its gasflow data on 24th February, we aim to plug that gap by launching our Longview Europe Natural Gas Imports Tracker. We hope this data, updated daily, will provide some insight into the Europe’s current energy crisis situation.
Methodology:
We use the API provided by ENTSOG, the European natural gas transparency platform to track the daily inward gas flows into EU. The platform provides technical and commercial data on gas transmission systems, which include interconnection points, connection points among others. Each transmission system operator (TSO) provides daily gasflow data to the platform. The data is downloaded and aggregated to establish the actual total gasflows into Europe from Russia via pipelines.