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European gas rose to $2,700 on news of SP-1

Photo: bulgartransgaz.bg

Gas supplies through Nord Stream-1 will be completely stopped for three days due to the maintenance of the only gas compressor unit remaining in operation.

European gas prices during Friday’s trading session rose more than 8% and for the first time since March exceeded $2,700 per 1,000 cubic meters. m against the backdrop of Gazprom’s announcement of the suspension of supplies through the Nord Stream-1 gas pipeline. This was confirmed by the London Stock Exchange ICE data on the evening of August 19.

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Thus, the September futures price at the TTF hub in the Netherlands rose to $2,712 per 1,000 cubic meters. m, or 261 euros per MWh.

Today, Gazprom announced that gas supplies through Nord Stream 1 will be completely stopped from August 31 to September 2 due to repairs to the only gas pumping unit remaining in operation.

“A set of regular maintenance under the current maintenance contract will be carried out jointly with Siemens specialists,” the report said.

Gazprom said that, according to Siemens’ technical documentation, unit maintenance should be carried out every 1000 hours.

After the completion of the work and in the absence of technical faults of the unit, gas transportation will be restored to the level of 33 million cubic meters. m per day.

Remember that since the beginning of the week, the price of gas in the European market has increased by more than $400. At the same time, gas injection into European storage facilities continues on schedule.

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Source: korrespondent

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