War in Ukraine – “At current gas prices, this is a nice booty for the Kremlin”

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Despite the war in Ukraine and the sanctions imposed by the West on Moscow, deliveries of Russian gas to Europe are running at full speed. Gazprom even brags regarding it…

Deliveries of Russian gas (here the Yamal gas pipeline) have only increased since February 27.

REUTERS

Deliveries of Russian gas to Europe continue, despite the conflict in Ukraine and sanctions, according to operator data, with the Russian group Gazprom making a point of stressing that its transit obligations through Ukraine have been fulfilled .

In Mallnow, an arrival point in Germany of the Yamal-Europe gas pipeline, deliveries – disrupted for a few days following the entry of Russian troops into Ukraine on February 24 – have only increased since and have reached, in recent days , their highest levels since that date. According to the Gascade portal, they fell to zero on February 24 and 27 and then fluctuated. But they have only increased since March 7.

“At current prices, this is a nice booty for the Kremlin,” tweeted Javier Blas, influential commodities analyst and columnist at Bloomberg, noting that streams are also high at Velke and Nord Stream 1 endpoints. “This might be aimed at bailing out Europe’s gas reserves, which will be needed if the European Union increases sanctions in the coming weeks,” Charlie Robertson, senior economist at Renaissance Capital, also commented on Twitter. .

Gazprom plastronne

Russian gas giant Gazprom has issued a daily statement declaring that its deliveries through Ukraine were “regular” and fully met its contractual obligations to deliver just over 109 million cubic meters per day. in this way.

European imports of Russian gas or oil have so far been spared because of their cost for Europeans, who are very dependent on Russian hydrocarbons. US President Joe Biden has decreed an embargo on imports of Russian hydrocarbons.

(AFP)

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