Gas prices in Europe fell by 6.5% after the restart of Nord Stream

The price of gas in Europe decreased by 6.5% compared to yesterday’s figures – up to €145 per MWh or $1,532 per 1,000 cubic meters, follows from the ICE exchange quotes. Gas becomes cheaper after the launch of the Nord Stream gas pipeline after repairs. The August futures on the TTF hub in the Netherlands is trading at €150 per MWh – at this figure trading on ICE opened today. As of 10:35 Moscow time, the rate of depreciation decreased to 3.2%. On July 21, at 07:00 Moscow time, Gazprom resumed pumping gas through Nord Stream after a ten-day downtime due to scheduled repairs. Pumping volumes are 40% of the nominal capacity (67 million cubic meters per day). The decrease in export volumes at Gazprom was explained by the absence of one of the turbines sent for repair to Canada. For more information about the situation with Nord Stream, see Kommersant’s article Gas by a Teaspoon. More news on the Kommersant Telegram channel “. Andrey Sapozhnikov.

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