Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Russian natural gas flows via Bulgaria continue today despite the new tax on transit flows according to Montel.
- Nominations for flows entering Bulgaria via the Turkstream pipeline system are in line with Friday around 32mcm/d today according to Entsog data.
- Bulgaria has introduced a 10.20€/MWh excise tax on Russian gas transit starting today, impacting supplies to Serbia, Hungary and Austria.
- It is unclear how many companies paid the additional tax, but Gazprom are still using the pipe but have had not paid according to a Montel source. Gazprom has long-term supply agreements with Hungary’s MVM for 3.5bcm/year via Serbia and an additional 1bcm/year via Austria.
- Hungary’s EU Affairs Minister Janos Boka last week called on the European Commission to launch a probe into the tax which the country considers illegal and an energy security supply risk.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok