Russian Gas Flows East via Yamal-Europe Pipeline for Fifth Day

A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko
A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko
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Russian Gas Flows East via Yamal-Europe Pipeline for Fifth Day

A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko
A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006.REUTERS/Vasily Fedosenko

The Yamal-Europe pipeline that usually sends Russian gas to Western Europe was operating in a reverse mode for a fifth day on Saturday, shipping fuel from Germany to Poland, data from German network operator Gascade showed.

Russian gas exporter Gazprom did not book gas transit capacity for exports via the Yamal-Europe pipeline for Sunday as well, auction results showed.

European gas prices climbed to a record high this week after Yamal switched direction but eased on Friday.

Russia said the flow reversal was not a political move, though it coincides with rising tensions between Moscow and the West over Ukraine. Russian President Vladimir Putin on Thursday said the reversal was because of a lack of requests from buyers, Reuters reported.

Putin also said on Friday that Russia was "sidelined" by Poland in managing the pipeline and Europe had only itself to blame for soaring gas prices.

Flows at the Mallnow metering point on the German-Polish border were going east into Poland at an hourly volume of more than 1.1 million kilowatt hours (kWh/h) on Saturday and were expected to stay at these levels during the day, the data shows.

Putin has also said that Germany was reselling Russian gas to Poland and Ukraine rather than relieving an overheated market.

Gazprom spokesman Sergey Kupriyanov told the NTV channel that the company was ready to supply additional gas within its long-term contracts, which would be cheaper than short-term deals concluded on European spot market.

Reverse flows from Germany to Poland - and probably to Ukraine as well - stand at between 3 million cubic metres (mcm) and 5 mcm per day, he said, reiterating that accusations that Gazprom was undersupplying gas are "groundless".

Kupriyanov added that the gas is being taken off underground storage facilities that are already depleted.

Data from Slovak pipeline operator Eustream showed capacity nominations for Saturday's Russian gas flows from Ukraine to Slovakia via the Velke Kapusany border point were at 747,031 megawatt hours (MWh), slightly up from Friday's 739,843 MWh but below levels in recent weeks.

That drop was being balanced by higher nominations for flows from the Czech Republic to Slovakia, meaning that nominations for flows from Slovakia to Austrian hub Baumgarten were roughly stable compared with levels in recent days and weeks.



Trump Says He Might Demand Panama Hand over Canal

This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
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Trump Says He Might Demand Panama Hand over Canal

This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)

President-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion, he would demand the US ally hand it over.

In an evening post on Truth Social, Trump also warned he would not let the canal fall into the "wrong hands," and he seemed to warn of potential Chinese influence on the passage, writing the canal should not be managed by China.

The post was an exceedingly rare example of a US leader saying he could push a sovereign country to hand over territory. It also underlines an expected shift in US diplomacy under Trump, who has not historically shied away from threatening allies and using bellicose rhetoric when dealing with counterparts.

The United States largely built the canal and administrated territory surrounding the passage for decades. But the US government fully handed control of the canal to Panama in 1999 after a period of joint administration.

"The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US," Trump wrote in his Truth Social post.

"It was not given for the benefit of others, but merely as a token of cooperation with us and Panama. If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question."

The Panamanian embassy in Washington did not immediately respond to a request for comment.