Gas prices in Europe go up by 20%

Gas prices in Europe went up by 20% - above €100 per MWh - due to Gazprom’s decision on cutting gas supplies via Nord Stream by 40%, Gas United reports. 

“Besides, the US LNG export terminal Freeport LNG said that all necessary repairs needed after last week’s fire would probably take more time - until the end of 2022 - not three months, as previously expected,” the report says. 

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Meanwhile, the Russian Gazprom announced its intention to limit gas supplies to Europe via the Nord Stream gas pipeline. They argued their actions by the fact that Siemens did not return gas pumping units from repair.

Tags: gas, import

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