At auctions on Thursday, the value of gas futures rose by a hundred dollars. Prices are rising against the backdrop of reduced supplies.
The price of gas at the auction in Europe on Thursday, August 11, exceeded $2,300 per thousand cubic meters.
Thus, the price of the nearest (September) TTF futures on the ICE Futures exchange reached $2,311 per thousand cubic meters. Since the beginning of the day, the cost has increased by $100.
Price growth is affected by low gas supply through Nord Stream-1, rising prices for liquefied gas in Asia, as well as the shutdown from August 13 to the end of the month for preventive maintenance of part of capacities of the Norwegian Troll field and the Kollsnes gas treatment plant, which will reduce the production capacity for 20 million cubic meters m of gas.
Recall that Gazprom reduced gas supplies through Nord Stream 1 to 20% of capacity – 33 million cubic meters per day. At the same time, the gas pipeline is capable of transporting up to 167 million cubic meters. m of gas. The company explained its decision by the fact that it could not use the repaired Siemens turbine, allegedly due to sanctions.
At the same time, the media wrote that Gazprom is burning “extra” gas, which should go through Nord Stream-1.
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Source: korrespondent
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