An explosion hit a Russian natural-gas pipeline that goes to Ukraine for further supply to Europe, reported Bloomberg. The blast occurred on a section of the Urengoy-Pomary-Uzhgorod link. However, the local unit of Gazprom PJSC said fuel transportation was being provided to consumers in full through parallel pipelines. Immediately, the price of gas in Europe rose by about $100 to $1,200 per 1,000 cubic meters on news of a gas pipeline explosion, reported ICE. The Urengoy-Pomary-Uzhgorod is one of the oldest gas conduits linking Russia and Europe via Ukraine. The market scrutinizes flows through Ukraine as it remains the last route delivering Russian fuel to western Europe amid the Kremlin’s war in Ukraine. Gas nominations for Wednesday transit via Ukraine so far remain unchanged, grid data show.
Russian gas flows to the EU were unaffected by a pipeline explosion.
Gas pipe with valve