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Gasoline in Europe rose to $ 2,700 on SP-1 news

Photograph: bulgartransgaz.bg

Gas charges in Europe have again risen sharply

Gasoline materials by using Nord Stream-1 will be wholly suspended for a few times thanks to the repair service of the only remaining gas compressor device.

The rate of fuel in Europe for the duration of investing on Friday amplified by extra than 8% and for the first time given that March has exceeded $ 2,700 for every 1,000 cubic meters. m towards the backdrop of Gazprom’s announcement of the suspension of materials through the Nord Stream-1 pipeline. This is shown by data from the London Stock Exchange ICE on the night of 19 August.

Consequently, the September futures rate at the TTF hub in the Netherlands rose to $ 2,712 for every 1,000 cubic meters. m, or 261 euros for every MWh.

Gazprom now knowledgeablethat fuel materials by using Nord Stream-1 will be wholly suspended from 31 August to 2 September thanks to the repair service of the only remaining fuel compressor device.

“A sequence of routine routine maintenance responsibilities beneath the recent maintenance contract will be performed together with Siemens specialists,” the report states.

Gazprom noted that, in accordance with Siemens specialized documentation, unit upkeep should really be done every 1000 several hours.

At the conclusion of the works and in the absence of complex malfunctions of the unit, the transportation of gasoline will be brought again to the amount of 33 million cubic meters. m per day.

Call back from the starting of the 7 days the selling price of fuel in the European sector has risen much more than $ 400. At the very same time, gasoline injection into European storage amenities is proceeding on schedule.

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