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European gas rose to its highest price since March

Photo: AP

Blue fuel prices are rising after Gazprom’s decision to cut supplies to Europe from July 27.

The price of gas on the European market rose on Tuesday, July 26, to the highest since March, according to ICE data.

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Thus, the nearest – in August – futures for TTF on the ICE Futures exchange rose to $2027 per thousand cubic meters.

Gas prices rose sharply after Gazprom announced on the day that it will reduce gas supplies through Nord Stream 1 to 33 million cubic meters per day from July 27. Thus, the gas pipeline will operate at only 20% of total capacity.

Earlier, the company said it “has questions” about Canadian documents on Siemens’ turbine for the SP-1.

In turn, Siemens Energy sees no connection between the situation with the turbine and the reduction in gas supplies through Nord Stream-1.

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Source: korrespondent

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