While the Yamal pipeline isn’t the main pipeline, it remains a point of concern.
German traders are reselling German-allocated gas to Poland, while the German providers demand more gas (because Germany itself would be severely out of gas on multiple fronts otherwise) from others in Europe, driving up prices everywhere.
With no booking for upcoming month on the monthly auction, it remains to be seen if Gazprom will book on daily auctions.
However, this lack of transport on the Yamal pipeline probably means at least another 1-2 months of high gas costs all around Europe.
Sorry, February is all booked up for war.
Nordstream is however open for business.
Apparently one “buys space” on a pipeline, but that doesn’t necessarily entail that one needs to actually move gas during that slot.
> On the Ukrainian route, some extra capacity was booked on Monday for gas shipments to Slovakia via the Velke Kapusany border point for February. Yet, current flows through that station, even though an extra booking was also made for this month, are just a fraction of contractual volumes.
>
>“So it’s clear monthly bookings are no longer a good indicator of what might occur,” Marzec-Manser said.
Gazprom fulfills their contracts. Why do they need to reserve more pipeline capacity than needed?
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Yamal is partially Ukranian pipeline?
While the Yamal pipeline isn’t the main pipeline, it remains a point of concern.
German traders are reselling German-allocated gas to Poland, while the German providers demand more gas (because Germany itself would be severely out of gas on multiple fronts otherwise) from others in Europe, driving up prices everywhere.
With no booking for upcoming month on the monthly auction, it remains to be seen if Gazprom will book on daily auctions.
However, this lack of transport on the Yamal pipeline probably means at least another 1-2 months of high gas costs all around Europe.
Sorry, February is all booked up for war.
Nordstream is however open for business.
Apparently one “buys space” on a pipeline, but that doesn’t necessarily entail that one needs to actually move gas during that slot.
https://www.bloombergquint.com/business/european-gas-advances-as-outages-cut-supplies-from-norway
> On the Ukrainian route, some extra capacity was booked on Monday for gas shipments to Slovakia via the Velke Kapusany border point for February. Yet, current flows through that station, even though an extra booking was also made for this month, are just a fraction of contractual volumes.
>
>“So it’s clear monthly bookings are no longer a good indicator of what might occur,” Marzec-Manser said.
Gazprom fulfills their contracts. Why do they need to reserve more pipeline capacity than needed?