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Russian Gas Flows to Europe Set to Remain Capped as Cold Arrives

  • Auctions show just a fraction of key pipeline space was booked
  • Lower flows would coincide with forecast for colder weather
Nord Stream 2 Gas Pipeline Still Months From Easing Europe's Gas Woes
Photographer: Krisztian Bocsi/Bloomberg

Russia’s gas shipments through a major transit route to Germany are set to remain capped on Monday, potentially worsening Europe’s energy crunch just as a cold snap arrives in the region.

Just a fraction of pipeline space was booked in auctions on Sunday to flow gas into Germany through Belarus and Poland, according to data from the Regional Booking Platform. The bookings signal supplies via the Yamal-Europe link could remain limited on Monday after plunging over the weekend.