Gazprom bought the transit capacity of the Polish section of the Yamal-Europe gas pipeline on Saturday only in the amount of 6% of the proposed volumes: 5.2 million cubic meters per day with the proposed 89.1 million cubic meters, according to the GSA Platform booking platform. p>
For the second day in a row, Gazprom does not order capacity during the regular booking session on the evening of the previous day, but does it at an additional session - on the night immediately before the start of a new gas day.
The Yamal-Europe gas pipeline with a length of 2 thousand km can pump up to 33 billion cubic meters. meters of gas per year. The Polish 683-kilometer section is owned by the EuRoPol Gaz joint venture and operated by the national gas transmission operator Gaz-System. Gazprom's long-term contract for transit through Poland ended a year ago. Since then, the capacities of the segment have been distributed at auctions.
For the gas year from October 2020 to September 2021, Gazprom booked capacities at an annual auction, then made two monthly reservations (for October and November 2021, buying out 35% of the capacities of this pipeline).
On Friday, the price of gas on the European exchange exceeded $ 1,700 per thousand cubic meters, having rolled back to $ 1,600 in the evening. The rise in prices was fueled by the news that in Germany the decision to certify the Nord Stream 2 gas pipeline was postponed until the second half of 2022.
On December 15, the European Commission (EC) proposed to ban the extension of long-term contracts for the supply of natural gas to the EU after 2049. This initiative sets the stage for an energy transition, noted Dmitry Marinchenko, Senior Director of the Fitch Group for Natural Resources and Commodities. Bloomberg called the proposal negative news for Russia, which insists on concluding long-term contracts with Gazprom.