Energy

With Gazprom closing its Yamal-Europe pipeline tomorrow for a week of repairs,

Monday, July 5, 2021

Europe’s price of gas has climbed steadily reaching $450/thousand cubic meters. EU gas storage facilities are only 47.5% full — the lowest level in history and 15 points below the average of the last five years. With no price relief in sight, Nord Stream 1 closes on July 13 for 10 days of repairs. In previous years, Gazprom compensated for scheduled pipeline maintenance by sending more gas across Ukraine.

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US Senator Ted Cruz, Republican of Texas, is holding up all State Department nominees to pressure the Biden Administration to impose tougher sanctions on the Russia-Germany Nord Stream 2 pipeline

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Gazprom is holding off sending more gas through Ukraine to the EU this summer,

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