Bbabo NET

Economics & Business News

Russia - Gazprom has not booked the capacity of the Yamal-Europe pipe again

Russia (bbabo.net), - Gazprom again did not book the pipe's capacity due to the lack of applications for pumping gas through the Yamal-Europe pipeline through Poland to Germany, and therefore it continues to operate in reverse mode. This is evidenced by the results of an additional auction session on the GSA Platform.

This situation has persisted since December 20. The reason is the refusal of European consumers to buy gas at high prices in excess of the already selected contract volumes. Due to the cold weather that came to Europe and a two-fold drop in electricity generation by wind turbines, gas prices in the region soared in December. At the peak of the rise in price, the price per thousand cubic meters exceeded $ 2,200. True, on the eve of the New Year, the price of gas at the auctions dropped below $ 1,000 per thousand cubic meters.

On December 25, Gazprom spokesman Sergei Kupriyanov announced that the company is ready to supply additional volumes of gas to Europe under long-term contracts and is cheaper than the spot. According to him, Gazprom does not use this route, since a number of clients, in particular from France and Germany, have already fully selected all their annual contract volumes and are no longer submitting applications for gas supplies.

Russia - Gazprom has not booked the capacity of the Yamal-Europe pipe again