The price of gas in Europe exceeded $2,800 per thousand cubic meters

The price of gas in Europe exceeded $2,800 per thousand cubic meters

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Exchange prices for gas in Europe exceeded $2,800 per thousand cubic meters. m for the first time since the beginning of March, having added 11% today, follows from data London Stock Exchange ICE. The cost of the September gas futures was, in particular, 269 euros per MWh, or $2,824 per thousand cubic meters. m, according to the ICE exchange.

Previously, the record price of gas on the ICE exchange was recorded on March 7, after the start of a military special operation on the territory of Ukraine, when the cost of a thousand cubic meters. m of gas approached the mark of $3,900.

August 19 “Gazprom“reported that suspend pumping gas using the last operating Nord Stream turbine on August 31 for maintenance and scheduled preventive work. In the absence of technical malfunctions, gas pumping will be restored on September 2 to a volume of 33 million cubic meters. m per day.

Previously at Gazprom predicted the price of gas in Europe in winter is above $4,000 per thousand cubic meters. m. The company also reported, citing data from Gas Infrastructure Europe (GIE), that as of August 14, reserves in European underground gas storages (UGS) were replenished by 48.6 billion cubic meters. m. Companies must pump another 23.8 billion cubic meters. m of gas to reach the UGS occupancy level at the start of the 2019-2020 withdrawal season.

Now the volume of gas supplied via Nord Stream to Europe does not exceed 33 million cubic meters. m from the planned 167 million cubic meters. m. “Gazprom» has been gradually reducing the volume of pumped gas since June due to equipment problems. Difficulties arose because Siemens did not return the turbine for the Portovaya compressor station after repair. Siemens explained that she sent the equipment for repair to Canada, where it was manufactured. But due to the imposed sanctions against Russia, it was impossible to deliver the turbine back.

On August 17, the DPA agency, citing a representative of Siemens Energy, reported that the turbine necessary for the operation of Nord Stream was still located in the city of Mülheim an der Ruhr and was ready for operation.

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