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East-Bound Gas Flows via Russian Yamal-Europe Pipeline in Reverse for Ninth Week

A worker climbs a cylinder at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko (BELARUS)/File Photo
A worker climbs a cylinder at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko (BELARUS)/File Photo
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East-Bound Gas Flows via Russian Yamal-Europe Pipeline in Reverse for Ninth Week

A worker climbs a cylinder at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko (BELARUS)/File Photo
A worker climbs a cylinder at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, southwest of Minsk December 29, 2006. REUTERS/Vasily Fedosenko (BELARUS)/File Photo

Gas flows via the Yamal-Europe pipeline, which usually travel west from Russia to Europe, remained in reverse on Monday with volumes in line with last week's levels, data from German network operator Gascade showed.

This will be the ninth week the link between Poland and Germany has been operating in the reverse direction, since Dec. 21, putting upward pressure on European gas prices. Flows from Germany to Poland via the Mallnow metering point stood at around 1.5 million kilowatt hours per hour (kWh/h) on Monday morning, unchanged from the levels seen over the last week.

Renominations, or bids, to flow gas from Germany to Poland are expected to remain at around 1.5 million kWh/h until Tuesday morning. The pipeline usually accounts for about 15% of Russia's annual westbound supply of gas to Europe and Turkey.

Russian gas export monopoly Gazprom, which can book pipeline capacity at daily auctions, had not ordered any transit capacity for February via the route.

It also did not book capacity for the second and third quarters of the year.

On another major route for Russian deliveries to Europe, for supply to Slovakia from Ukraine via the Velke Kapusany border point, capacity nominations for Monday rose to 362,718 MWh from 282,820 MWh on Friday.

Nominations via this route hit a 2022 high of 850,143 MWh at the start of February.

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Iran Says It Will Respond to Reimposition of UN Sanctions

Iranian Foreign Ministry spokesman Esmaeil Baghaei. (Iranian Foreign Ministry)
Iranian Foreign Ministry spokesman Esmaeil Baghaei. (Iranian Foreign Ministry)
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Iran Says It Will Respond to Reimposition of UN Sanctions

Iranian Foreign Ministry spokesman Esmaeil Baghaei. (Iranian Foreign Ministry)
Iranian Foreign Ministry spokesman Esmaeil Baghaei. (Iranian Foreign Ministry)

Iran will react to any reimposition of United Nations sanctions over its nuclear program, the country's foreign ministry spokesperson said on Monday, without elaborating on what actions Tehran might take.

A French diplomatic source told Reuters last week that European powers would have to restore UN sanctions on Iran under the so-called "snapback mechanism" if there were no nuclear deal that guaranteed European security interests.

The "snapback mechanism" is a process that would reimpose UN sanctions on Tehran under a 2015 nuclear deal that lifted the measures in return for restrictions on Iran's nuclear program.

"The threat to use the snapback mechanism lacks legal and political basis and will be met with an appropriate and proportionate response from Iran," Foreign Ministry spokesperson Esmaeil Baghaei told a press conference, without giving further details.

The 2015 deal with Britain, Germany, France, the US, Russia and China - known as the Joint Comprehensive Plan of Action (JCPOA) - states that if the parties cannot resolve accusations of "significant non-performance" by Iran, the "snapback mechanism" process can be triggered by the 15-member UN Security Council.

"The European parties, who are constantly trying to use this possibility as a tool, have themselves committed gross and fundamental violations of their obligations under the JCPOA," Baghaei said.

"They have failed to fulfill the duties they had undertaken under the JCPOA, so they have no legal or moral standing to resort to this mechanism."

Western countries accuse Iran of plotting to build a nuclear weapon, which Tehran denies.

The United States pulled out of the deal in 2018 under the first administration of President Donald Trump, who called the agreement "weak".

Trump, whose second presidency began in January, has urged Tehran to return to nuclear negotiations on a new deal after a ceasefire was reached last month that ended a 12-day air war between Iran and Israel that destabilized the Middle East.

When asked if Iranian Foreign Minister Abbas Araghchi would meet with Trump's Middle East envoy, Steve Witkoff, Baghaei said no date or location had been set for resuming the US-Iran nuclear talks.