Russian Gas Flows to Europe Plunge After Prices Collapse

(Bloomberg) — Natural gas flows from Europe’s biggest supplier slumped after a price rout and with storage sites at above-average levels.Flows from Russia via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany, slumped to zero Tuesday after a sharp decline since Sunday. Shipments into Baumgarten in Austria, a major European hub for Russian gas, fell by 25% from its 10-day average.Gazprom PJSC said it continues to use the Yamal-Europe link, with actual volumes depending on client requests. Operators Gascade Gastransport GmbH and Gas Connect Austria GmbH have not notified the market of any currently planned or …read more

Source:: Yahoo Finance

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