EU pipeline supply up on 2016 despite hitting five-month low

European natural gas pipeline supply fell to a five-month low of 26.2 billion cubic metres in February 2017, according to grid operator data collated by ICIS.

A drop in Russian flows to Europe was the key driver as a decision to grant producer Gazprom the right to access additional capacity on the OPAL pipeline in Germany was suspended, affecting deliveries from 1 February onwards.

Despite month-on-month reductions, aggregate European pipeline imports rose by 9% or 2.1bcm compared to February 2016. This was driven by increased Russian and Algerian gas supply, which offset a drop in imports from Norway and Libya.

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