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Gazprom refused to increase supplies: gas rises in price

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Gazprom once again refused to book transit additional capacities

The Russian gas monopoly once again did not book additional capacities for transit to Europe.

Gas prices in Europe are rising on Tuesday, November 2, following Gazprom’s refusal to book additional transit capacity through Ukraine and Poland for the first quarter of 2022.

Thus, the price of December futures at the TTF hub in the Netherlands increased to $ 820 per 1,000 cubic meters. m from $ 803. At the same time, the cost of gas quickly returned to the level of $ 800 per 1,000 cubic meters. m.

On the eve it became known that Gazprom has reduced gas transit by almost a third through Ukraine since November.

Also, Gazprom did not react to the proposals of the Ukrainian GTS Operator to increase transit to Hungary after gas pipeline accidents in Bulgaria.

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