New round in gas poker: Lukashenko threatens, Kremlin appeased

Lukashenko threatens

In view of possible new EU sanctions against Belarus, Lukashenko threatened to stop gas transit through the Yamal-Europe pipeline. The Foreign Ministry in Minsk on Friday again warned the EU of punitive measures and threatened a “tough reaction”.

The new sanctions in the West in connection with the thousands of migrants stranded in Belarus on the EU border with Poland are being discussed. Lukashenko is criticized for smuggling people there to put pressure on the West. He wants to have sanctions that have already been issued lifted.

Deliveries via Belarus reduced

The Yamal-Europe pipeline transports only a small part of the gas to the west. The Russian gas company Gazprom cut deliveries via Belarus by 40 percent on Friday, as the state agency Ria Novosti in Moscow reported.

Experts had expected that the pipeline leading through Belarus would be used to fill up the gas storage facilities in Germany.

Gas price apparently unimpressed

According to information from Kiev, Gazprom has now increased transit through Ukraine. “After a decrease to almost 57 million cubic meters in the first days of November, the daily transit volume has returned to the contract volume of 109 million cubic meters,” said the head of the Ukrainian gas transport system operator, Serhiy Makohon, on Facebook.

Energy traders at the particularly liquid TTF trading point were apparently unimpressed. The gas price on the spot market moved sideways at a still high level of between 72 and 74 euros per MWh. The front month contract rose only slightly. It closed on Friday evening at a value of 75.50 euros per MWh. (dpa / aba)

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