Gazprom confirms stop of gas supplies via Nord Stream
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Earlier, Nord Stream AG, the operator of Nord Stream, reported that gas supplies through the pipeline had dropped to zero. It is specified that in the period from 00:00 to 02:00 Moscow time, gas pumping remained at the level of 14’429’338 kWh. But within an hour after that, it dropped to 10,000 kWh. From 06:00 “Gazprom» completely stopped deliveries through the gas pipeline.
The Russian company announced the planned preventive work at the Portovaya compressor station on August 19, the day before, on August 30, it confirmed its plans to suspend the operation of the last turbine for three days. In the absence of technical malfunctions, gas pumping through the pipeline will resume on September 2 to 20% of the planned volume, that is, up to 33 million cubic meters. m per day.
After the news about the suspension of Russian gas supplies to Europe, stock prices sharply accelerated growth, last week the price of the next, September, gas futures exceeded $ 3,500 per thousand cubic meters, but later, after the German Minister of Economics Robert Habek announced that German gas storage facilities were filled ahead of schedule by 85 %, energy prices began to fall. In particular, on that day, stock prices in Europe fell by 19% and fell below $2,900 per thousand cubic meters. m.
The day before, on August 30, the price of the nearest, September, futures contract for natural gas at the TTF hub in the Netherlands fell even lower, at the moment the drop reached 10%, prices dropped to 245 euros per MWh, or $2,572 per thousand cubic meters. m, taking into account the current exchange rate in the international market.
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