Russian gas supplies shipped to Europe via Ukraine plummeted in the first two days of 2020, lifting hub prices and prompting central European countries to ramp up storage withdrawals and off-takes from Norway to compensate for the sharp decrease.

Russian exports to Slovakia dropped nine-fold from an average 162million cubic metres/day throughout December to 17mcm/day on 1 January, while volumes on the Ukrainian-Hungarian border dropped from an average 41mcm/day in December 2019 to 6.8mcm/day on 1 January.

2 January 17:40