The spot price of gas at the TTF site in the Netherlands for the day before delivery rose to $ 1,450 per 1,000 cubic meters.
The value of gas in the European market rose sharply after a 60% decrease in supplies through the Nord Stream 1 gas pipeline.
Gas prices in the Netherlands jumped 25% on Thursday, June 16, to $ 1,450 per thousand cubic meters, or € 130 per MWh.
Gazprom cut deliveries to Europe, explaining it by delays in delivering Siemens Energy equipment undergoing maintenance to Canada. The German energy regulator denied this explanation.
Gazprom’s suspension of supplies to Germany is a warning sign that could cause problems for Europe’s largest economy this winter, the country’s head of energy regulator said.
“It will make things worse for us. Maybe we can make it through the summer as the heating season is over. But it’s important that we fill the storage facilities to get through the winter. , “Klaus Müller told the Rheinische Post newspaper.
Overall, since the beginning of the year, Gazprom’s exports to non-CIS countries have fallen by 28.9% and reached 65.6 billion cubic meters of gas.
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I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.