Russian gas giant Gazprom said on Wednesday that its natural gas exports to Europe increased 4.8% year on year to 178.1 billion cubic meters in the period from Jan. 1 to Dec. 15.
This percentage is low compared to an increase of 6.6% in the first 11 months of this year, 10% in 10 months, 15.3% in 9 months, and 26% in the first half of the year.
In January, the increase amounted to 45 percent, according to Reuters.
The company said the decline reflects demand in the region, and it expects to achieve record annual revenues this year thanks to strong gas prices in Europe.
Gazprom also added in a statement that its natural gas production in the period from January 1 to December 15 increased by 14.2 percent year on year to 490.4 billion cubic meters.
It added that it continues to pump gas to its storage facilities in Europe.