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Yamal gas pipeline flows eastward from Germany to Poland for 27th day running

01/16/2022 | 03:46am EDT

MOSCOW, Jan 16 (Reuters) - The Yamal-Europe pipeline, which usually sends Russian gas west into Europe, flowed east from Germany to Poland for a 27th successive day on Sunday, data from German network operator Gascade showed.

Since Dec. 21, the link between Poland and Germany had been operating in reverse mode, putting upward pressure on European gas prices.

The pipeline usually accounts for about one-sixth of Russia's annual gas exports to Europe and Turkey.

On Friday renomination requests, or preliminary bids, to ship gas eastbound from Germany to Poland via the pipeline on Saturday morning were down sharply at hourly volumes of 1.5 million kilowatt hours (kWh/h).

But the actual reverse flows seen on Sunday held close to the volumes of around 7 million kWh/h, the same as on Saturday and earlier in the week, and are expected to remain in reverse until the early hours of Monday, data from the Mallnow metering point on the German-Polish border showed.

It is not clear when the pipeline will revert to westbound flows into Germany. A source close to Gazprom said the company is expected to switch flows at some point this month, as Gazprom has paid for westbound volumes.

Russia has denied accusations from a number of European policymakers that it was withholding gas supplies to pressure German and European authorities to give a green light to the newly-built Nord Stream 2 pipeline.

On Saturday Deputy Prime Minister Alexander Novak repeated that Russia was ready to supply more gas to Europe, but only if there are new long-term contracts - a position Moscow has held since the gas crisis erupted last year. (Reporting by Katya Golubkova Editing by Mark Heinrich)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.45%
PJSC GAZPROM 0.69% 266.68 End-of-day quote.-22.31%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT -2.79% 418 End-of-day quote.-23.27%
PUBLIC JOINT STOCK COMPANY TRANSNEFT 0.22% 111500 End-of-day quote.-29.79%
ROSSETI, PUBLIC JOINT STOCK COMPANY -1.66% 0.697 End-of-day quote.-37.51%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 62.1146 Delayed Quote.-15.26%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.06% 15.9132 Delayed Quote.19.67%
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Financials (USD)
Sales 2022 162 B - -
Net income 2022 50 631 M - -
Net Debt 2022 39 823 M - -
P/E ratio 2022 2,20x
Yield 2022 16,3%
Capitalization 102 B 102 B -
EV / Sales 2022 0,88x
EV / Sales 2023 1,01x
Nbr of Employees 468
Free-Float 50,5%
Duration : Period :
PJSC Gazprom Technical Analysis Chart | GAZP | RU0007661625 | MarketScreener
Technical analysis trends PJSC GAZPROM
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 4,31 $
Average target price 5,30 $
Spread / Average Target 22,8%
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Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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