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EU gas prices hit record as Russian gas flows via Yamal reverse

December 21, 2021 / 5:14 PM
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Sharjah 24 – Reuters: European gas prices hit a new high on Tuesday after Russian shipments to Germany via a major transit pipeline reversed direction, a move the Kremlin said had no political backdrop as one western firm said Gazprom was meeting its supply obligations.
Westward gas flows through the Yamal-Europe pipeline had been falling since Saturday and, after stopping early on Tuesday, reversed direction, data from German network operator Gascade showed.

Levels of flows and their direction through Yamal, which are managed according to customers' requests, alternated between eastward - meaning conveying gas from Germany to Poland - and westward for around a week during November.

Some western politicians and industry experts have accused Russia of withholding gas deliveries to Europe amid political tensions over Ukraine, as well as delays in the certification of another pipeline, Nord Stream 2.

Russia denies any connection.
December 21, 2021 / 5:14 PM

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