Gas, the EU has decided that a price cap will be introduced only in case of emergency
Also there Germany announced that the Russia has decreased disbursements. Meanwhile, the EU has decided that a cap will be introduced on the price only in the event of an emergency, or a sudden interruption of the Russian methane supply. Rally also for the price in London (+ 34.5%) at 188 pence at the Mmbtu, after a peak at 196 pence at the same time.
War Russia Ukraine, the pipeline can carry up to 33 billion cubic meters of gas
There Gazprom announces that it will stop using a key pipeline to transit the gas through Poland. Fly the gas price natural in Europe, with the reference index, futures in Amsterdam (+ 17.5%) at 111 euros per MWh, after reaching 115 euros. Also there Germany announced that the Russia has decreased disbursements.
Meanwhile, the EU has decided that a price cap only in the event of an emergency, or a sudden interruption of the Russian methane supply. Rally also for the price in London (+ 34.5%) at 188p at the Mmbtu (Thermal Unit), after a peak at 196p at the same time.
There Russia interrupts gas exoprt through the Yamal-Europe pipeline which brings methane to the EU via Poland. The announcement comes directly from Gazprom explaining that the decision was taken following Russia’s sanctions against Western companies.
The pipeline can carry up to 33 billion cubic meters of gas from the fields in the Russian Yamal Peninsula and in Western Siberia through Belarus and Poland to Germany. Yesterday Moscow announced sanctions against more than 30 energy companies, including the Polish EuRoPol GAZ SA, owner of the Polish part of the Yamal-Europe pipeline, in retaliation for the measures taken by Western nations. The decision of the Russian energy giant has caused methane prices to rise in Europe (+ 13.3% to 106.5 euros / MWh).
“For Gazprom this means a ban on using a gas pipeline owned by EuRoPol GAZ to transport Russian gas through Poland “, said the spokesman for Gazprom Sergei Kupriyanov in a note. Kupriyanov also accused Poland of “repeatedly” violating Gazprom’s rights as a shareholder of EuRoPol and of sanctioning the Russian energy giant in late April. German Economy Minister Robert Habeck accused Russia of using energy as a “weapon”.
In any case, the Russia it could send gas directly to Germany via the Nord Stream pipeline which passes under the Baltic Sea. Operators also reported a decline in Russian gas supplies via a major Ukrainian pipeline to Europe for the second consecutive day. In fact, as of yesterday, Russian gas flows to Europe through one of the two key entry points into Ukraine have stopped “because the occupation forces stop operations”, explained the Ukrainian natural gas network operator. The operator, in a statement on his website, announced that he will no longer be able to accept the transit of Russian gas through Sokhranivka through which almost a third of the gas which from Russia crosses Ukraine to then reach Europe.
Ukrainian war, Berlin against Moscow: “Russia uses gas as a weapon”
The Minister of Economy and the German Environmental Protection, Robert Habeckaccuses Russia of using energy “like a weapon”, after the counter-sanctions imposed by Moscow on more than 30 Western energy companies, most of which belong to Gazprom Germany, a subsidiary of the Russian giant, as well as the reduction of gas flow to Europe. “Overall, it must be said, the situation is worsening to the point that the announcements, gas, oil, energy, used as a weapon are now taking place in various places”, he explained at a press conference.
Russia could stop gas supplies to Finland tomorrow
Tomorrow there Russia could cut off its gas supplies to the Finlandwhose authorities have expressed their willingness to join the Born. This was reported by the Finnish newspaper ‘Iltalehti’, citing sources covered by anonymity according to which the politicians of the Scandinavian country have been warned of the possible decision of Fly. Previously, the Russian Foreign Ministry threatened “military retaliation” in response to Finland’s entry into NATO.