Eastward Gas Flows Via Yamal-Europe Pipeline Rise; Flows Via Ukraine Steady - Doo Prime News
Doo Prime News > Industry Dynamics > Eastward Gas Flows Via Yamal-Europe Pipeline Rise; Flows Via Ukraine Steady

LONDON, Oct 19 (Reuters) – Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland rose on Wednesday while Russian supplies to Europe via Ukraine remained stable.

Exit flows at the Mallnow metering point on the German border of the Yamal pipeline stood at 2,040,490 kilowatt hours (kWh) per hour between 0700 CET (0500 GMT) and 0800 CET (0600 GMT), up from 1,212,139 kWh/h at midnight, data from pipeline operator Gascade showed.

Full coverage: REUTERS

Uganda Says Coffee Exports Down 14% YR/YR Due To Drought

KAMPALA, Oct 19 (Reuters) – Uganda’s coffee exports declined last month due to the impact of a drought affecting many growing areas across the country, the state-run sector regulator said.

The east African country shipped a total of 503,695 60-kg bags of coffee beans in September, down 14% compared with the same period a year earlier, Uganda Coffee Development Authority (UCDA) said in a report.

“The decrease in exports was mainly attributed to lower yields this year that were characterized by drought in most regions,” UCDA said, adding the dry conditions had resulted in a shorter harvest season in central and eastern Uganda.

Full coverage: REUTERS

Japan’s SBI Considering Delisting Shinsei, Kyodo Says

TOKYO, Oct 19 (Reuters) – Japanese financial group SBI Holdings (8473.T) is considering delisting mid-size lender Shinsei Bank Ltd (8303.T) and will explore options with the country’s banking regulator, the Kyodo news agency reported on Wednesday.

SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. SBI raised its holding to around 48% last year.

Full coverage: REUTERS

European Shares Inch Higher As ASML’s Result Lift Chip Stocks

Oct 19 (Reuters) – European shares edged higher on Wednesday, as semiconductor firm ASML’s upbeat results lifted the technology sector and bolstered hopes for a strong earnings season, though gains were capped by lingering fears about surging inflation and interest rates.

ASML Holding NV (ASML.AS) rose 5.5% after the chip equipment maker reported better-than-expected third-quarter sales and profit and said it does not expect a large impact from U.S. sanctions on China. 

Full coverage: REUTERS

EU Leaders Still Eyeing Multiple Gas Price Caps – Document

BRUSSELS, Oct 19 (Reuters) – European Union leaders meeting this week are set to endorse the bloc’s latest proposals to curb energy prices, but pressure Brussels to go further and cap the price of gas used in power generation, according to a draft of their meeting conclusions.

At their Oct. 20-21 summit, leaders will discuss a package of proposals made by the European Commission on Tuesday to attempt to pull down high energy prices that are stoking inflation and the looming threat of a recession.

Full coverage: REUTERS

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