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Russia is ready to resume Yamal-Europe gas shipments

Oil And Gas

CIO Bulletin
2022-12-26

Russian Deputy Prime Minister Alexander Novak said that Moscow is ready to send gas to Europe through the Yamal-Europe Pipeline again.

The Yamal-Europe Pipeline normally flows westward, but it has been largely reversed since December 2021, when Poland decided to use gas stored in Germany instead of purchasing it from Russia.

Warsaw ended its deal with Russia in May 2022, after Moscow's request to pay in roubles was turned down.

Novak said again that Moscow is talking about getting more gas through Turkey after a hub was set up there.

In addition, he stated that Moscow anticipates shipping 21 billion cubic meters (bcm) of liquefied natural gas (LNG) to Europe by 2022.

Russia and Azerbaijan have agreed to increase gas supplies for domestic use in Russia, according to Novak. This was said in a long interview with the Russian news agency TASS, which came out over the weekend.

He also said that Moscow is talking about how to send more gas to Kazakhstan and Uzbekistan.

Novak also stated that Russia can send natural gas to the markets of Afghanistan and Pakistan in the long run, either through the infrastructure of Central Asia or in exchange for Iranian territory.