MOSCOW, Sep 2 — PRIME. Exchange prices for gas in Europe at auction on Thursday accelerated the rate of decline to 14%, for the first time since August 15, dropping to almost $2,150 per thousand cubic meters, according to the London-based ICE exchange.
Peskov announced a fever in the energy market
The nearest – October – futures (on the index of the largest European hub TTF) opened trading at $2,278.3 per thousand cubic meters (-9.3%). At 12.37 Moscow time prices are at 2153.7 dollars (-14.3%). The dynamics of quotations is based on the settlement price of the previous day – $ 2,512.7 per thousand cubic meters.
In early March, gas prices in Europe, due to fears of a ban on the import of Russian energy resources, updated their historical highs for four days in a row. The price record of $3,892 per thousand cubic meters was reached on March 7.
The latest increase in prices on European gas markets was due to uncertainty about gas supplies. On August 19, Gazprom announced that Nord Stream would stop for three days, from August 31 to September 2, due to scheduled maintenance of the only working gas pumping unit at the Portovaya compressor station.
Germany demanded to dismantle Nord Stream 2
Futures contracts for gas supply in September (under TTF) jumped almost 8% after this news, above $2,700 per thousand cubic meters, and then exceeded $3,500 for the first time since March. However, it then dropped by more than $1,000 in a few days.
“Gazprom” has previously confirmed that the supply through the gas pipeline is terminated, scheduled work begins on the unit.
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