East-bound fuel flows by way of Russian Yamal-Europe pipeline regular

A employee climbs a cylinder at a fuel compressor station on the Yamal-Europe pipeline close to Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko/File Photograph

MOSCOW, Feb 12 (Reuters) – Gasoline flows by way of the Yamal-Europe pipeline, which often journey west from Russia to Europe, remained reversed on Saturday, with low provide to Poland from Germany broadly unchanged since Monday, knowledge from German community operator Gascade confirmed.

The hyperlink between Poland and Germany has been working in reverse since Dec. 21, placing upward stress on European fuel costs. learn extra

Flows to Poland from Germany by way of the Mallnow metering level stood at greater than 1.5 million kilowatt hours per hour (kWh/h) on Saturday morning.

The operator mentioned that renominations, or bids, are anticipated to stay above 1.5 million kWh/h till Sunday morning.

The pipeline often accounts for about 15% of Russia’s annual westbound provide of fuel to Europe and Turkey.

Russian fuel export monopoly Gazprom , which might e book pipeline capability at day by day auctions, had not ordered any transit capability for February by way of the route.

It additionally didn’t e book capability for the second and third quarters of the 12 months at a quarterly public sale on Monday.

European benchmark fuel costs jumped to a file 184.95 euros per megawatt hour (MWh) on Dec. 21 when the Yamal-Europe system reversed move. learn extra

The West has accused Russia of withholding fuel to drive up costs and stress EU and German regulators to approve the brand new Nord Stream 2 hyperlink that can double Moscow’s piped export capability by way of the Baltic Sea.

Russia denies the allegations and Gazprom says it fulfils all long-term contracts. As a substitute, they are saying the reversed flows replicate consumers shunning excessive spot costs for brand spanking new Russian provide by way of the pipeline in favour of fuel from Germany in underground storage or sourced from elsewhere.

The swap has additionally meant European storage ranges have fallen under their five-year common. learn extra

Reporting by Vladimir Soldatkin; Enhancing by Lincoln Feast.

Our Requirements: The Thomson Reuters Belief Ideas.