Gas prices rise after Russian flows via Ukraine drop by quarter as via Sokhranovka suspended

 

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 Ukraine says it has been forced to cut off supply at the Novopskov compressor station in eastern Ukraine as it can no longer ensure safety at the facility.
 [FRANCE 24 ]

1. British and Dutch wholesale gas prices rose on Wednesday morning, rising after a two-day slide, after Russian gas flows via Ukraine fell after force majeure was declared on one route.

In the British gas market, the contract for immediate delivery rose by 10.00 pence to 40.00 pence per therm by 0901 GMT while the contract for next day delivery rose by 3.00 pence to 41.00 pence per therm.

In the Dutch gas market, the contract for next day delivery rose by 6.42 euros to 87.00 euros per megawatt/hour (MWh), while that for July delivery rose by 4.9 euros to 98.50 euros/MWh.
Reuters
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2. Russian gas transit through Ukrainian territory may fall by a quarter on Wednesday due to suspension of flows via the Sokhranovka entry point by the Gas Transmission System Operator of Ukraine (GTSOU), according to data released on the website of the operator.

Nominations for transit of Russian gas for May 11 via the gas distribution station Sokhranovka are absent, whereas nominations for transit via the Sudzha station total around 72 mln cubic meters. Compared to the total confirmed requests of European consumers of 95.8 mln cubic meters on the previous day, transit may fall by almost 25%.

European requests reached the highest level of 109.6 mln cubic meters in early March.

On the previous day the Ukrainian gas pipeline operator said it would shut down transit of gas to Europe via the Sokhranovka station starting May 11 due to force majeure as the company could allegedly not control the Novopskov gas compressor station in the Lugansk Region, due to which transportation nominations would be rejected, with gas not to be accepted.
[TASS]