Russian gas: no flow from Yamal. Ukraine is asking to shut off flows from its gas pipelines

Natural gas flows from Russia to Germany via the Yamal pipeline stopped heading west on Thursday, according to data from pipeline operator Gascade cited by Reuters.

The flows of natural gas from Russia on the Yamal-Europe pipeline through Belarus to Poland and Germany have been variable and since the end of December they have mainly headed eastward from Germany to Poland . Nothing from Russia.

In the fourth quarter of 2021, a volatile and lower-than-normal supply of Russian natural gas to Europe contributed to the energy crisis in Europe, which in early winter had gas storage levels at their lowest in the past ten. years. As a result, gas and electricity prices have risen in Europe. But not as much as the natural gas price hike in recent days, after Russia invaded Ukraine last week, with every record. The price of 199 euros per MW / h. A record never seen in Europe. It was already assumed that the flow of gas would stop, exactly as it did.

On Thursday morning, the benchmark price of natural gas in Europe spiked to a new high for the second consecutive day, trading at the equivalent of $ 360 a barrel of oil, as concerns over the outage increase. Russian gas supply.

The price of gas at Dutch hub TTF, the benchmark gas price for Europe, jumped early Thursday in Amsterdam to trade at $ 221 (199.99 euros) per MWh, a new all-time high. This broke Wednesday's record of $ 215 (194 euros) per megawatt hour.

The European Union may be able to reduce its dependence on Russian natural gas by more than a third within a year by turning to other suppliers and using other sources of energy, the International Energy Agency (IEA) said Thursday.

“Nobody is under any illusions anymore. Russia's use of its natural gas resources as an economic and political weapon shows that Europe needs to act swiftly to be ready to face significant uncertainty about Russian gas supplies next winter, ”said in a statement. executive director of the IEA Fatih Birol.

The evidence had to come before the rulers of Western Europe finally understood their colossal mistake. European citizens will pay for these wrong or deliberately wrong calculations.

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