Energy

Guaranteeing high EU gas prices this fall, Russia’s Gazprom bought only 4% of additional pipeline capacity offered at auction by Ukraine yesterday

Tuesday, August 17, 2021

, reports UBR.ua. The news pushed Rotterdam hub gas prices to a new peak: $585/1,000 cubic meters. Ukraine’s Transmission System Operator had offered to pump an additional 15 million cubic meters in September – 14% above Gazprom’s daily contracted level. By forcing EU gas prices to the highest level in 20 years, Gazprom seems to be pressuring European government to commission the Russia-Germany Nord Stream 2 pipeline this fall.

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