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Post: Gas prices in Europe close to record levels

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ICE: Gas prices in Europe near record highs due to limited supply

MOSCOW, August 28 – RIA Novosti. Currency gas prices in Europe approached record levels against the backdrop of limited supply of blue fuel from Russia. data London Stock Exchange ICE and gas transmission operators.

The settlement price of gas futures for September delivery (as per TTF) on the last trading day of the week – on August 26 – was $3,507.3, a record value for the period of operation of all gas centers in Europe since 1996. The week’s indicator is up about $1,000, or almost 40%. At the same time, gas prices currently reached $3,525.9 on Friday, taking another step to update the historical maximum of $3,892.

The increase in prices in the European gas markets is due to the uncertainty regarding gas supply. In mid-August, Gazprom announced that Nord Stream will be stopped for three days from August 31 to September 2 due to the planned maintenance of the only working gas pumping unit at the Portovaya compressor station.

According to data from operator Nord Stream AG, deliveries via Nord Stream are now expected to be around 31 million cubic meters again. Pumping along the highway began to wane from mid-June, as Western sanctions prevented the situation with the repair of turbines from being resolved. Now its loading cannot exceed 20% of the maximum capacity, which is approximately 170 million cubic meters per day.

According to the website of the Ukrainian GTS Operator, the application for pumping through the Sudzha gas metering station (GIS) is 42.2 million cubic meters on Sunday. At the level of 40-42 million, the indicator has been held since the end of May. Deliveries are not made via GIS “Sokhanovka”, as Ukraine refuses to use “Gazprom”.

Source: Ria

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