Gas flows to the east via the Russian Yamal-Europe pipeline are stable

A worker lifts a bottle at a Yamal-Europe pipeline gas compressor station near Nesvizh, about 130 km (81 miles) southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko/File Photo

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MOSCOW, Feb 12 (Reuters) – Gas flows through the Yamal-Europe pipeline, which typically travel from western Russia to Europe, remained reversed on Saturday, with low supply to Poland from Germany broadly unchanged since Monday, according to data from German network operator Gascade. .

The connection between Poland and Germany has been running in reverse since December 21, putting upward pressure on gas prices in Europe. Read more

Flows to Poland from Germany via the Mallnow metering point amounted to more than 1.5 million kilowatt hours per hour (kWh) on Saturday morning.

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The operator said renominations, or offers, are expected to remain above 1.5 million kWh through Sunday morning.

The pipeline typically accounts for around 15% of Russia’s annual gas supply to Europe and Turkey.

Russian gas export monopoly Gazprom, which can book pipeline capacity at daily auctions, had not ordered any transit capacity for February via road.

It also did not reserve capacity for the second and third quarters of the year at a quarterly auction on Monday.

European benchmark gas prices jumped to a record 184.95 euros per megawatt hour (MWh) on December 21 when the Yamal-Europe system reversed flow. Read more

The West has accused Russia of withholding gas to drive up prices and pressure European and German regulators to approve the new Nord Stream 2 link that will double Moscow’s pipeline export capacity via sea Baltic.

Russia denies the allegations and Gazprom says it fulfills all long-term contracts. Instead, they say the reverse flows reflect buyers avoiding high spot prices for new Russian supply through the pipeline in favor of gas from Germany in underground storage or from elsewhere.

The change also meant European storage levels fell below their five-year average. Read more

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Reporting by Vladimir Soldatkin; Edition by Lincoln Feast.

Our standards: The Thomson Reuters Trust Principles.

Bonny J. Streater