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Russian pipeline gas supply to Europe dwindles

From timera-energy.com

The European pivot away from Russian gas following the invasion of Ukraine was heralded with EU targets to reduce Russian supplies to zero by 2027. Russia have had shorter timelines in mind. Flows have been reduced unilaterally from an average of 263 mcm/d in March via Germany, Poland and Slovakia (through Ukraine) to only 36 mcm/d in September. The reasons provided have variously included maintenance, rouble payment conflicts, and Western sanctions. There is limited further room for Russia to reduce (routes via Turkey aside) to use as leverage, in a week that Russia escalate the conflict by mobilising reservists. ... (full story)

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  • Category: Fundamental Analysis