Bitter news for consumers: gas prices at record high - Russia partially stops deliveries
Created: 12/22/2021, 8:11 PM
Energy consumption increases in winter.
At the same time, gas prices are skyrocketing and are constantly reaching new record levels.
© picture alliance / dpa |
Michael Reichel
The stocks of gas are dwindling and Russia is currently partially stopping deliveries to Germany.
The gas price is rising to new records, consumer bills are exploding.
Moscow, Berlin - Gas prices have been rising for weeks. And now, in the middle of the cold season, again to new highs. This is unlikely to change anytime soon. As current reports show, Gazprom has not booked any transit capacity for exports via the Yamal-Europe pipeline for today. After the delivery had already decreased significantly in the past few days and had stood still for a short time, according to
Handelsblatt
, the gas was now pumped in the opposite direction on Tuesday - from Germany to Poland.
The energy crisis in Europe is coming to a head.
One megawatt hour of natural gas on the Dutch TTF market today cost more than 160 euros at times.
Since the beginning of December, the wholesale price has increased by almost 80 percent, reports the Tagesschau.
One reason is Europe's scarce supply of Russian natural gas, which comes from the state-owned company Gazprom.
Gas prices rise: Russia is directing gas back to the east
"As the German network operator Gascade explained, the gas from the Mallnow compressor station in Brandenburg will be routed eastwards for the rest of the day," said the
Handelsblatt
.
Russia said reversing gas supplies was a purely commercial decision and had nothing to do with politics and the disputes over the Nord Stream 2 Baltic Sea pipeline.
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The expert does not see any improvement in the next winter
The Dutch TTF gas benchmark rises to over € 160 per MWh and is flirting with an intraday record high, tweeted Bloomberg expert Javier Blas.
According to Blas, the fact that the futures market gas price for January 2023 rose to over 90 euros per megawatt hour yesterday is important and relevant for consumers.
That signals that it is not getting any better.
The market assumes that European gas supplies will be extremely low by the end of this winter.
Not much gas will come from Russia in the summer to replenish supplies before the next winter of 2022-23.
