Gas prices in Europe skyrocketed again
Reduced volumes of natural gas pumped through the Yamal-Europe gas pipeline and unfavourable weather conditions contributed to a spike in gas prices in Europe, Interfax-Ukraine reports.
The price of the January futures on TTF on the ICE Futures exchange reached €148.87 per MWh, $1921 per thousand cubic meters. Since the end of last week, Gazprom has reduced booking of volumes for the Yamal-Europe gas pipeline.
Also, Europe is expecting a serious drop in air temperature this week.
To recap, Moldova will store gas stocks abroad.
As reported, gas stocks in Germany's underground storage facilities collapsed to historic lows.
Tags: Gazprom, contracts, GTS, RF, heating season, Gas market, pipeline, price, gas supplies, volumes, natural gas, Europe
German gas shortage may prevent exports to Europe
France says it can do without Russian supplies
749 settlements de-energized due to hostilities