Russian Gas Flows via Yamal Pipeline Reversed for Second Day
MOSCOW (Reuters) — Russian gas flows via the Yamal-Europe pipeline to Germany continued to flow in reverse mode for a second day on Wednesday, data from German network operator Gascade showed, keeping European gas prices high.
European gas prices hit a new record high on Tuesday after Yamal switched direction, a move the Kremlin said had no political implications, while two big German customers said Gazprom was meeting supply obligations.
The flows at the Mallnow metering point on the German-Polish border were going east from Germany into Poland at an hourly volume of around 1,180,000 kilowatt hours (kWh/h) on Wednesday and are expected to stay at these levels for the rest of the day, the data shows.
On Wednesday, the front-month wholesale Dutch gas price , the European benchmark, was trading at 177 euros ($199.92) per megawatt hour, close to the all-time high of nearly 185 euros hit in the previous session.
Gazprom has been booking extra capacity at auctions for delivery via Ukraine and to Germany via the Yamal route when it sees requests. It had not booked capacity for exports via Yamal for the past few days, including for Thursday.
European gas prices hit a new record high on Tuesday after Yamal switched direction, a move the Kremlin said had no political implications, while two big German customers said Gazprom was meeting supply obligations.
Nominations for Wednesday's volumes at the Velke Kapusany metering point on the Slovakia-Ukraine border, another major route to Europe, were for 898,439.2 megawatt hours (MWh), or 82.6 million cubic meters, roughly 5% below the levels seen so far in December.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
Comments