The Limited Times

Now you can see non-English news...

For Moscow, the more gas runs out, the more its price rises on the markets

2022-07-26T18:32:27.284Z


DECRYPTION - Russia is taking advantage of a considerable increase in the selling price of its gas and knows that it can count on buyers outside Europe.


Moscow

To discover

  • Follow information on the war in Ukraine with the Figaro application

Vladimir Putin could rub his hands on Tuesday morning.

For the first time since March, the price of natural gas in London exceeded 2,000 dollars per thousand cubic meters, an increase of 12% in one day, or 179 euros per megawatt hour on the TTF market.

In July 2021, it was trading at… 40 euros.

All that was needed was the announcement, the day before, by the giant Gazprom, of a further halving of the pumping capacity of the Nord Stream pipeline.

Another turbine, which officially also needs maintenance, will be shut down.

"

It's a matter of security, of rules that should not be violated

," assured the head of Russian diplomacy, Sergei Lavrov, on Tuesday.

Read also

Diversification, sobriety and gas stocks: how France is preparing for the worst

While the first turbine repaired in Canada with the help of Siemens has still not been put back into service - the various parties passing on the responsibility - the capacity of the gas pipeline will fall as of this Wednesday to 20%, or 33 million m3.

Nord Stream 1 was already only running at 40…

This article is for subscribers only.

You have 78% left to discover.

Freedom has no borders, like your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All news articles on 2022-07-26

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.