European gas prices touched an all-time high when gas flow from Russia reversed course as freezing winter sets in over the continent and renewable sources, like wind, fail to generate any reasonable amounts of power. The benchmark price for Europe at the Dutch Title Transfer Facility (TTF) is at a record 162.78 euros per megawatt-hour, showing an increase of 11 percent on Tuesday. Natural gas flows on the Yamal-Europe pipeline have been declining over the week, from a Thursday average of 12,000,000 kilowatt hours to almost 1,200,000 kWh/h on Saturday, before halting completely on Tuesday. Then, the flow reversed towards Poland from Germany, according to German operator Gascade. “EU gas and power open higher again today with gas flows from Russia on the Yamal-Europe pipeline dropping to near zero. Just as German wind output falls to a five-week low and freezing temperatures spread across Europe,” Ole Hansen, Head of Commodity …