As of today, January 1, 2025 at 6 a.m. (start of the gas day), no more Russian gas will be delivered to the EU via Ukrainian lines. Russian gas has reached Austria via Slovakia in the last few weeks at a rate of around 200 GWh per day. For January 1st, it is expected that only around 7 GWh per day will flow from Slovakia to Austria. “However, the available gas flow data on the ENTSOG Transparency platform and the AGGM platform show that gas traders made timely provisions for imports via other import routes have. Initial data shows that gas is already being physically delivered from Germany and Italy,” emphasizes the board members of E-Control, Alfons Haber and Wolfgang Urbantschitsch. For today, January 1st, traders have registered a total of around 118 GWh via Germany and around 36 GWh via Italy to Austria. In addition, quantities of gas will be taken from the storage facilities. A net withdrawal of 125 GWh has been registered for today. The gas supply to Austrian gas customers is therefore still secured.
Price implications
Due to the Christmas holidays, consumption and trading activity on the gas exchanges is currently lower. However, the gas trading venue is also liquid for the period after the transit stop, and the available trading data currently does not indicate any strong price fluctuations.
What’s next?
All parties involved continue to monitor gas flows and the supply situation on an ongoing basis. E-Control assumes that there will be no supply bottlenecks in neighboring countries due to the high storage levels and the availability of gas quantities on the liquid gas trading markets.
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