ReutersReuters

Russian gas flows to Europe via Yamal pipeline fall

Russian natural gas supplies to Germany through the Yamal-Europe pipeline were slightly lower on Wednesday, data from German network operator Gascade showed.

Flows at the Mallnow metering point on the Polish border stood at an hourly volume of more than 10,000,000 kilowatt hours (kWh) on Wednesday morning versus more than 11,000,000 kWh on Tuesday.

The pipeline is one of the major routes for Russian gas exports to Europe.

Nominations for Wednesday's volumes at the Velke Kapusany metering point on the Slovakia-Ukraine border, another major route to Europe, were for 953,761.3 megawatt hours (MWh) or 87.7 million cubic metres, below the level of roughly one million MWh recorded over the past three weeks.

European gas prices at the Dutch TTF hub were strongly bullish through the day on Tuesday. However, prices dropped at the end of the trading session after Gazprom bought 324 GWh/d of capacity at Mallnow on daily auction, Refinitiv Eikon data showed.

The benchmark day-ahead gas contract (TRNLTTFD1) fell from 97 euros per MWh to close at 91.35 MWh.

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