25 Feb 2022 16:28

Russian gas supplies to Europe via Ukraine continue as usual, growing 1/4, spot corrects down 12%

MOSCOW. Feb 25 (Interfax) - Russian gas supplies to Europe via Ukraine are continuing as usual, Gazprom official representative Sergei Kupriyanov told reporters.

"Gazprom is supplying Russian gas for transit via the territory of Ukraine in the regular mode, in accordance with the bookings of European consumers, at 103.8 million cubic meters on February 25," Kupriyanov told reporters.

The Gas Transmission System (GTS) Operator of Ukraine confirms the information in its current data. Booking for entry is 104.47 million cubic meters for Friday after 84 million cubic meters on Thursday and 61 million cubic meters on Wednesday.

The spot price for gas in Europe corrected downward by 12% to $1,247 per thousand cubic meters for the March contract at the Dutch TTF gas hub on Friday morning as per ICE Futures data. On Thursday, gas trading ended at $1,426 per thousand cubic meters.

The price of gas at the Dutch TTF gas hub has averaged $936 per thousand cubic meters since the beginning February.