Energy

Prices on the European gas market hit $517 per 1,000 cubic meters on Monday

Thursday, August 5, 2021

. This is three times the level of $170 that Gazprom used in January to calculate its 2021 budget. Energy analysts say that Gazprom is forcing up the EU gas price to pressure regulators to commission the Nord Stream 2 gas pipeline this fall.

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Ukraine’s gas pipeline operator earned $1 billion in the first half of this year, largely by pumping Russian gas to Europe.

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Tightening the natural gas shortage in the EU, Gazprom has cut by 50% gas shipments through the Yamal pipeline to Poland and stopped pumping gas into underground storage facilities in Austria, Germany and the Netherlands

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