Home » World » Accused of galloping prices, Gazprom has announced a boom in exports to Europe

Accused of galloping prices, Gazprom has announced a boom in exports to Europe

However, the Russian giant refused to increase transit through Ukraine and thus caused a new jump in quotations

Gazprom said it had increased natural gas exports in the first nine and a half months of the year, the DPA reported. Earlier, the Russian gas monopoly announced that it would not request additional capacity for gas transit through Ukraine in November.

The volume delivered only to Germany increased for the period by 28.2 percent on an annual basis. A total of 152.2 billion cubic meters of gas was exported to countries outside the former Soviet Union, the Commonwealth of Independent States (CIS), according to Gazprom, up 13.1 percent from last year.

According to the company, quoted by TASS, since the beginning of the year supplies to Turkey have increased by 125.3 percent, for Germany – by 28.2 percent, for Italy – by 16.3 percent, for Romania – by 288, 6 per cent, for Poland – by 10 per cent, for Serbia – by 112.1 per cent, for Finland – by 15.3 per cent, for Bulgaria – by 52.7 per cent, and for Greece – by 12.9 per cent. per hundred.

Deliveries to China under the “Power of Siberia” also continue to increase.

Gazprom is publishing its data amid concerns around the world over high gas prices. Russia has repeatedly denied accusations by the EU that it is abusing its market power to control the price of gas. Moscow attributes the rise in prices to the current strong demand for gas, the unusually cold winter last year and the fact that the world economy is growing again after the economic downturn caused by the pandemic.

Meanwhile, the price of gas rose sharply to nearly $ 1,300 per 1,000 cubic meters yesterday after Gazprom refused to announce additional gas transit capacity through Ukraine for next month. Subsequently, the price fell to about 1068 dollars, according to data from the London Intercontinental Exchange (ICE), quoted by TASS.

The value of November futures at the TTF gas distribution center in the Netherlands fell to 1,068.4 dollars per 1,000 cubic meters or 89 euros per MWh.

The price of gas reached 1,292 dollars per 1,000 cubic meters or 107.77 euros per MWh yesterday, after which it began to decline.

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