Investing.com -- Russian energy giant Gazprom (MCX: GAZP )’s average daily natural gas supplies to Europe through the TurkStream undersea pipeline decreased by 18.3% in June compared to May due to infrastructure maintenance, according to a Reuters report on Wednesday.

Turkey now serves as the only remaining transit route for Russian gas to reach European markets. This follows Ukraine’s decision not to renew a five-year gas transit agreement with Moscow when it expired on January 1.

The data shows that total Russian gas exports to Europe during the first half of the year amounted to 8.33 billion cubic meters. This represents a significant reduction from the 15.5 billion cubic meters delivered during the same period last year, when supplies via Ukraine were still operational.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.