
Gazprom
Russian state gas company; TurkStream operator; April 2026 European deliveries reportedly down 25%.
Last refreshed: 29 April 2026 · Appears in 1 active topic
With TurkStream flows reportedly down 25%, how long can Hungary stay on Russian gas?
Timeline for Gazprom
Mentioned in: EU storage at 34.3% before 12 May test
European Energy MarketsMentioned in: Reuters cuts TurkStream YoY drop to 1.7%
European Energy MarketsTurkStream April flows down 25%: single source
European Energy Markets- Is Gazprom still supplying gas to Europe in 2026?
- Yes, but only via TurkStream through Turkey to Hungary, Slovakia, Serbia and Austria. April 2026 deliveries were reported at 40.3 mcm/day, a 25% drop from March, though the figure is single-sourced from EADaily and unconfirmed.Source: EADaily
- What happened to Gazprom's European gas exports after 2022?
- Gazprom lost approximately 40% of EU gas import share after European states pivoted to LNG and Norwegian pipeline supply following Russia's full-scale invasion of Ukraine in February 2022.
- Which countries still import Russian gas via TurkStream?
- Hungary, Slovakia, Serbia, and Austria remain the principal TurkStream end-markets for Russian gas in 2026, with Hungary and Slovakia accounting for the bulk of volume.Source: EADaily / Interfax
Background
Gazprom is Russia's state-controlled natural gas company and was, until 2022, the dominant supplier of pipeline gas to Europe. It operates the TurkStream pipeline, which carries Russian gas via Turkey to southern and central Europe — the remaining active Russian pipeline route after Nordstream's destruction and the cessation of Ukrainian transit. In April 2026, Russian outlet EADaily reported, citing Gazprom data, that TurkStream deliveries to Europe had fallen to 40.3 mcm/day — a 25% drop from March and the lowest level since June 2025 — with Hungary and Slovakia accounting for 6.4 mcm/day of the shortfall. The figure is single-sourced from a tier-3 outlet and was not corroborated by Reuters, Bloomberg, or Interfax.
Gazprom was founded in 1989 from the Soviet Ministry of Gas Industry and listed on the Moscow Exchange. The Russian state holds approximately 51% through Rosimushchestvo. At its peak before 2022, Gazprom supplied roughly 40% of EU gas imports. Revenues have collapsed since European states pivoted to LNG and Norwegian pipeline supplies. The company has faced persistent allegations of using gas supply as a geopolitical instrument.
Gazprom's residual European exposure — almost entirely via TurkStream to Hungary, Slovakia, Serbia, and Austria — leaves it with limited leverage compared to the pre-2022 period. The April 2026 volume drop, if confirmed, would accelerate the timeline for Hungarian and Slovak diversification planning.