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© Reuters. FILE PHOTO: A view of Gazprom’s Bovanenkovo gas fields on the Arctic Yamal Peninsula (Russia) on the Yamal Peninsula on May 21, 2019. REUTERS / Maxim Shemetov
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By Vladimir Soldatkin and Natalia Zinets
MOSCOW / KIIV (Reuters) – The European Union can only blame its policy on the record price of gas, as some of its members sell cheap Russian gas at much higher prices within the bloc, Russian President Vladimir Putin said on Friday.
Putin has also called on the EU to approve a new Russian gas pipeline, the Nord Stream 2 pipeline, to ease price cuts.
The European benchmark gas price rose to a new high on Tuesday, rising almost 800% since the start of the year. The price fell on Friday, but is still up more than 400%.
Nord Stream 2 is opposed by the United States and especially several Eastern European states, which say the pipeline will be even more dependent on Russian gas, as it already supplies 35% of the block’s gas needs.
The pipeline from Russia to Germany, built in September, is still awaiting regulatory approval in Berlin and Brussels.
“Additional gas supplies in the European gas market would reduce the price in exchange, on the spot (in the market),” Putin told a joint meeting of the RIA news agency at a state meeting with the Council on Science and Science. education.
In addition, the Yamal-Europe pipeline, which normally sends Russian gas to Western Europe, was reversed for the fourth day on Friday, pumping fuel from Germany to Poland, according to data from German network operator Gascade.
Gazprom (MCX 🙂 Russia’s gas giant has not reserved the capacity to transport gas for export via the Yamal-Europe pipeline by December 25, according to auction results.
Gazprom usually reserves a short-term capacity route after Poland and Russia decided not to extend the long-term transport contract last year.
Putin said Poland had “sidelined” Russia to manage the Yamal-Europe pipeline, which is working in reverse by sending gas to the east. The pipeline runs from Russia to Belarus and Poland and Germany.
“This is not increasing the volume of Russian gas in the European market, so the price is rising,” Putin told Interfax news agency about the reverse flows.
Putin said on Thursday that Germany was reselling Russian gas to Poland and Ukraine instead of easing an overheated market.
In Ukraine, another means of transport for Russian gas to Europe, the state-owned gas transmission operator said Gazprom had reduced its daily gas transportation across Ukrainian territory from 87.7 million cubic meters (lcm) to 109 lcm.
“At a time when EU gas supply cuts have reached $ 2,000, it suggests that these are not economic decisions but purely political ones, with the aim of increasing pressure on the EU to launch Nord Stream 2 under conditions of the Russian Federation,” Sergiy said. Makogon wrote on Facebook (NASDAQ :).
The European gas reference price rose by more than 2,200 euros ($ 2,495) per 1,000 cubic meters on Tuesday.
Makogon said Europe had set a record for a shortage of gas supplies from storage.
Russia has repeatedly ruled out a policy on gas and says it is complying with all the amounts contracted to supply it. Companies with supply agreements have also said their contracts have been fulfilled.
LOSSES
Russian Deputy Prime Minister Alexander Novak also said that Europe would be short of additional supplies to Russia due to delays in Nord Stream 2.
“I believe that European consumers are very interested in the start-up project, and that the companies involved could submit additional applications through this new pipeline in the context of long-term gas supply relations,” Novak said. said Rossiya-24 to the Russian state television channel.
He also said that European leaders have made mistakes in favor of a point-based market to reduce the use of long-term supply offers, where prices are more volatile.
“Countries that receive gas through long-term agreements receive it much cheaper,” Novak said.
The European hot gas market may find some liquidity-laden (LNG) refueling loads a bit more agile, as European prices make this diversion attractive.
Gazprom has not reserved the right to export through the Yamal-Europe gas pipeline, which has a monopoly on Russian gas exports, until December 24, the results of the auction showed on Friday.
Gascade’s Yamal-Europa pipeline data showed flows at the Mallnow measuring point on the German-Polish border at an hourly volume of about 1,218,000 kilowatt-hours (kWh / h) traveling from Germany east-east to Poland. levels during the day.
Data from the Slovak pipeline operator Eustream showed that 734,843 MWh from the Velke Kapusany border crossing from Ukraine to Slovakia for Russian gas flows to Russia on Friday was down from 785,160 MWh on Thursday.
This decline was offset by a higher designation of flows from the Czech Republic to Slovakia, which meant that flows from Slovakia to the Baumgarten center in Austria were more or less stable compared to the previous day.
($ 1 = $ 0.8818)
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