The price of gas in Europe fell below $2,700 per thousand cubic meters. m

Exchange prices for gas in Europe fell below $2,700 per thousand cubic meters. m, having lost 6% today, should from London ICE data.

The cost of the September gas futures was, in particular, 260 euros per MWh, or $2,675 per thousand cubic meters. m, according to the ICE exchange.

The day before, during the auction, the gas price exceeded the mark of $3,000 per thousand cubic meters. m. The reason for the increase in energy prices was the announcement of Gazprom on August 19 on the suspension of gas pumping through the Nord Stream from August 31 to September 2 due to scheduled maintenance of the only working gas pumping unit at the Portovaya compressor station.

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” said that it would suspend gas pumping using the last operating Nord Stream turbine on August 31 for maintenance and preventive maintenance. 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.

Gazprom previously predicted the price of gas in Europe in winter 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.

At the end of July, gas exports via Nord Stream were already reduced from the projected 150.6 million cubic meters. m per day already up to 33 million cubic meters. m due to problems with the return of the turbine to Russia after the factory Siemens in Canada repair.

Currently, the turbine is located in Germany, where it was delivered under an agreement between Berlin and Ottawa. Gazprom is not ready to take the turbine due to legal uncertainty. In early August, Vitaly Markelov, deputy chairman of the company’s board, said that the gas monopoly was ready to accept the turbine if it received guarantees that sanctions would not be applied.

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