Gas Prices Up Again as Russian Pipeline Remains Stuck in Reverse

It has now been flowing eastwards since Dec. 21, data from German network operator Gascade showed.

Katya Golubkova, Reuters

A pipeline that usually sends gas from Russia to Europe was stuck in reverse after three weeks on Jan. 10, pushing up prices in Europe at a time of political tension between Moscow and the West.

Wholesale prices in Europe were up 5% on Jan. 10 as gas on the Yamal-Europe pipeline flowed east from Germany to Poland, adding pressure on the market along with lower wind output and weather outlook.

It has now been flowing eastwards since Dec. 21, data from German network operator Gascade showed.

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