Russia's Gazprom sets new gas supply records while European prices fall

Russia's state-owned gas company Gazprom reported setting a new daily record for gas supplies within Russia for the fourth consecutive day. At the same time, the company said current low gas prices in Europe make it unprofitable to pump extra gas into storage there for the summer.

Separately, Russia's foreign ministry stated the country has successfully redirected its gas exports to new markets. Official data also showed Russia's gas exports to Europe via the TurkStream pipeline increased by 10.3% in January.