Natural gas prices rose in Europe, in Thursday’s trading, By 20%, futures contracts exceeded the level of 1,200 dollars per thousand cubic meters.
Gas futures for June rose 20.9% on the TTF index. It reached a level of $1233.9 per thousand cubic meters
Natural gas prices in Europe are rising after the Ukrainian Natural Gas Transport Company GTS announced, As of yesterday, Wednesday, May 11th, The transfer of Russian gas to Europe will stop, on one of the tracks, across Ukrainian territory.
According to expert estimates, natural gas supplies from Russia to Europe via Ukraine will decrease by about a third as a result of this decision by the Ukrainian authorities. Note that Gazprom continued to pump gas through Ukraine normally even after the launch of the special military operation.
Russia imposed sanctions on units of Gazprom Germany, whose ownership was relinquished by the gas production company Gazprom. as well as on Europol gazz SA, Owner of the Polish segment of the Yamal-Europe gas pipeline.
And the Russian company Gazprom announced that it would stop gas supplies in a pipeline through Poland, and Gazprom’s decision comes as German Economy Minister Robert Habeck accused, Moscow using its energy supplies as a weapon against Europe, Against the background of Russia reducing the quantities of gas supplied to Germany.
According to the German government, A unit of Gazprom in Germany has stopped receiving all promised quantities.
althoug Habeck stressed that supply disruptions would have a limited impact on the German economy, Amid receiving alternative quantities of gas from other countries.