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Russia Keeps Gas Market on Edge With No Sign of Rising Flows

  • Gazprom didn’t book extra space for Ukraine flows for March
  • It also sticks to zero monthly bookings for Germany’s Mallnow
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Europe's Heavy Dependence on Russian Gas
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Russia is showing no indication of increasing gas flows to Europe amid rising tension with the west over Ukraine. 

Top supplier Gazprom PJSC again opted not to book any pipeline space for March to send gas to Germany via the key Yamal-Europe link, according to monthly auction results on Monday. Westbound supplies through that route have been halted since December. The company also didn’t buy extra transit capacity through Ukraine.