gas exports from Russia in northwestern Europe, in the midst of the winter season, rose 7% on Friday morning despite the country’s invasion of Ukraine, which has severed relations with Western customers, according to calculations by Montel, a Norwegian agency specializing in the sector. energetic.
Flows through the Velke Kapusany crossing between Ukraine and Slovakia, the Mallnow point between Poland and Germany, and the Nord Stream 1 connection across the Baltic Sea stood at 236 mcm/day (total daily gas demand).
This represents an increase of 16 mcm/day compared to Thursday. Some analysts linked the increase to the fact that contracted Russian gas has become more competitive at current spot prices, encouraging power companies to buy more volumes from their long-term deals.
Gas prices for the following month on the Dutch TTF rose by as much as 65% following Russia’s full-scale invasion of Ukraine and reached EUR 144/MWh on Thursday. Since then, they have sold off sharply until falling below EUR100/MWh on Friday morning.
“The sharp drop in TTF prices today is related to the absence of significant energy sanctions,” he added.
Oil: setback after first day of invasion
Oil prices fell slightly in the early hours of this Friday the 25th, after a significant escalation the day before as a result of Russia’s invasion of Ukraine.
Thus, concern about possible interruptions in global supply in light of the sanctions against Russia, a large world oil exporter, subsided in West Texas Intermediate (WTI), where oil futures in the United States fell 42 cents, or 0.43%, to $92.43 a barrel, after a high of $95.64.
Meanwhile, April Brent futures were down 72 cents, or 0.73%, at $98.36 a barrel by 1124 GMT, after rising as high as $101.99. The most active contract, May futures, yielded a dollar at $94.42 a barrel.
Oil and gas flows from Russia will not be specifically targeted for sanctions, a US official said. The country is the world’s second largest producer of crude oil and a major supplier of natural gas to Europe.
Source: Larepublica
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