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Gas price in Europe has renewed a record


MOSCOW, 6 Aug. The price of gas in Europe has renewed a record and exceeded $ 540 per 1,000 cubic meters after a fire at a Gazprom plant in the Yamal-Nenets Autonomous District, according to trading data. As of 11.30 Moscow time, the price of September gas futures according to the TTF index, the most liquid hub Europe, reached a maximum for the trading session on Friday – $ 546.3 per 1,000 cubic meters. At the time of the opening of the auction, the price was $ 542.6 and during the course of the auction it dropped to $ 535 per 1,000 cubic meters. Gazprom has cut gas transit to large European storage facilities On Thursday night, 23 kilometers from Novy Urengoy, the building of the Gazprom plant for preparing condensate for transport caught fire. By Friday morning, the fire was completely extinguished. Due to the fire, pumping through the Yamal-Europe gas pipeline has halved. So, throughout the day on August 5, the German GTS received about 1.9-2.1 million cubic meters of gas at the entrance, and after 18.00 Moscow time on Thursday, the reception dropped to 1 million cubic meters per hour. On Friday, from 7.00 Moscow time, the volume of pumping increased slightly, to about 1.5-1.6 million cubic meters of gas per hour. Against this background, Gazprom shares are falling in price by 1% on Friday (they have already fallen by 2.83%). June 7, 00:00 Infographics Rating of European countries on the availability of natural gas for the population

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