European gas prices continue to rise
According to data on the ICE exchange, the price of gas in Europe has increased by 11% amid the fact that the direct injection of gas to Germany via the Yamal-Europe route was stopped and began to pump back on the 30th. /ten.
The December futures price on the TTF Center in the Netherlands at the time of trading opened has increased to nearly 861 USD/1,000 m3, or 72 euros/MWh, equivalent to about 11%.
Pumping gas to Europe via the Yamal-Europe route was stopped on the morning of October 30. As a result, the gas pumping activity decreased sharply from 9:00 am to 10:00 am Moscow time, and completely stopped between 10:00 am and 11:00 am. After that, the gas begins to travel back down the pipe.
In addition, Algeria also stopped supplying Spanish gas through the Maghreb-Europe gas pipeline through the territory of Morocco due to conflict with this country. Algeria will continue to fulfill its obligations to its Spanish counterpart by using the Medgaz gas pipeline, which runs from Algeria’s largest gas field Hassip-Rmel to Spain, and through natural gas carriers. liquefied petroleum gas.
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