Germany and Greece are poised to send more gas to Poland and Bulgaria after Russia’s Gazprom halted supplies this week, the Financial Times reported on Thursday, citing market and port data.
According to data posted by the Hellenic Gas Transmission System Operator, orders for gas to flow through the pipeline at Sidirokastro, a border-crossing point between Greece and Bulgaria, jumped on Thursday, with higher volumes to exit towards Bulgaria than for those heading south to Greece.
The head of gas analytics at ICIS, Tom Marzec-Manser, told FT that such activity indicates that Greek gas company DEPA is engaging in swaps to sell its gas to Bulgaria.
Data from Germany’s gas transmission operator Gascade also showed increased flows of gas at Mallnow, the key border crossing point between Germany and Poland for the Yamal-Europe pipeline. The flow increased to 12.7 million kilowatt hours per hour on Thursday. Prior to that, the highest level this month was just below nine million kWh/h.