Gazprom books extra overnight capacity via Yamal-Europe pipeline for Monday night

MOSCOW. March 7 (Interfax) - Gazprom has booked an additional capacity for transmission via Yamal-Europe pipeline for tonight, according to the results of an intraday auction on the GSA Platform on Monday.

For the whole day on March 7 Gazprom booked 0.6 million cubic meters per hour, with a further 1.3 million cubic meters per hour to be pumped from 10 p.m. Moscow time till Tuesday morning.

Since late February Gazprom has been pumping more gas at nighttime because of seasonal changes, with air warmer during daytime and much cooler air masses at night in fair weather.

Aside from the challenging situation around Ukraine (the market deems this route to be growing riskier each day), this week Europe has seen a sharp drop in electricity production from a renewable source - the wind power. Another factor is the uncertainty surrounding supplies of Russian coal, LNG and oil.

The over 2,000-km Yamal-Europe pipeline stretches from Torzhok in Russia as far as Frankfurt (Oder) in Germany. It has an annual capacity of 33 billion cubic meters, or around 100 million cubic meters per day.