East-bound fuel flows through Yamal-Europe pipeline stay regular

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MOSCOW — Gasoline flows through the Yamal-Europe pipeline, which often journey west from Russia to Europe, remained reversed and regular on Wednesday, sending provide to Poland from Germany, 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.

Flows to Poland from Germany through the Mallnow metering level stood at over 1.5 million kilowatt hours per hour (kWh/h) on Wednesday morning, unchanged for the previous 48 hours.

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The operator stated renominations, or bids, stood on the identical degree till Thursday morning.

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

Russian fuel exporting monopoly Gazprom, which might e book pipeline capability at every day auctions, has not ordered capability for February.

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

European benchmark fuel costs jumped to a document 184.95 euros per megawatt hours (MWh) on Dec. 21 when the Yamal-Europe system reversed stream.

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

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Russia denies these allegations and Gazprom says it fulfills all long-term contracts. As a substitute, they are saying the reversed flows mirror patrons shunning excessive spot costs for brand new Russian provide through the pipeline in favor 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.

On one other main route for Russian deliveries to Europe, for provide to Slovakia from Ukraine through the Velke Kapusany border level, capability nominations for Wednesday eased to 541,784 MWh from a re-nominated 602,249 MWh on Tuesday.

Nominations through this route have picked up from decrease ranges in January however are nonetheless under every day flows seen in December.

(Reporting by Vladimir Soldatkin, further reporting by Jason Hovet in Prague; enhancing by Kim Coghill and Jason Neely)

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