Gazprom closes taps, but fuel drops to 240 euros – Earth

The rate of fuel shut down, regardless of the closure of the Nord Stream for routine maintenance and waiting for the EU to make a decision on decoupling and on the selling price cap. In addition, in Europe, operators in the sector assume that the stocks will be stuffed in advance of program. In Amsterdam, the value is close to 240 euros (239.9 euros) per megawatt hour, with a drop of 9.6%, after hitting a every day low of 232 euros (-12%). Rates also down in London at 458 pence at the Mmbtu (-12.5%).

The United States will glimpse for approaches to “maximize gasoline stocks in Europe or help European nations to update other sources of electricity”, the spokesperson for the US Nationwide Stability Council reported, John Kirby, accusing Russia of nevertheless a further attempt to “use electrical power as a weapon” with Russia’s closure of Nord Stream 1.

Russia has once again lower off gasoline materials to Europe through the Nord Stream pipeline: this was declared by Entsog, the European network of gasoline transmission method operators. The Russian gas huge Gazprom experienced earlier announced the three-working day cease, linked to performs on a compression station in northern Germany, from which the fuel is then exported to other European countries.

“Gazprom announced for the working day the delivery of gas volumes of close to 20 million cubic meters, in contrast to day-to-day deliveries of around 27 million cubic meters created in recent days”, Eni declared right after the prevent. of the Nord Stream gasoline pipeline. “Eni – reads the notice – reserves the suitable to converse any updates in the celebration that there are more sizeable changes in the supply quantities communicated by Gazprom”.

Europe is doing the job on the energy crisis for the rate of fuel although Gazprom confirms that the Nord Stream gas pipeline will be stopped for routine maintenance from nowadays, August 31, to September 3. Tass reviews it. “Vitality price ranges are breaking document after history. The repercussions for households and enterprises are not sustainable. We need to tackle this challenge alongside one another and urgently.” +, European Fee President Ursula von der Leyen tweeted in ‘scope of his speech at the Baltic Sea Energy Safety Summit in Copenhagen announcing that in the European Union an normal of 80% of storage capability has been attained, the sum we have agreed for this 12 months “.

The “unexpected emergency” actions declared by the European Commission to deal with the rate disaster in the electricity market will see the mild “within the subsequent couple months”, in accordance to a spokesman for the Fee. “We do not exclude that the proposal may take place ahead of the amazing Council”, he specified, underlining that “the member states have sturdy competences in this issue, therefore all positions have to be analyzed”. As for the structural reforms of the electrical power industry, we will go “early next year”