London — Russian gas flows to western Europe are running at only slightly over half last year's levels in January this year, according to an analysis of flow data from pipeline operators.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
The average Russian gas flow to western Europe during January 1-22 was recorded by Platts unit Bentek Energy at 180 million cu m/day.
That was just 57% of the 318 million cu m/day average volume during the same period the year before.
Latest flows have dropped to as low as 148 million cu m/day, less than half the same time last year.
The reductions are thought to be due to western European importers delaying their compulsory purchases under long-term gas import contracts till later in the year to allow more time for recent falls in the crude oil market to filter through into time-lagged pricing mechanisms.
The flows to western Europe noted here are calculated by adding up flow data from transmission system operators for the Nord Stream route to Germany at Greifswald, the Yamal route to Germany through Poland at Mallnow, and the Brotherhood pipe to Austria at Velke Kapusany on the Ukraine/Slovak border.
--Alex Froley, firstname.lastname@example.org
--Edited by James Leech, email@example.com