Print Magazine
Brussels Morning Newspaper
Friday, March 24, 2023
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Economy

Natural gas prices in Europe rise more than 8% on Monday

Nikola Kiš by Nikola Kiš
21 December 2021
in Economy
Natural-gas-prices-in-Europe-rise-more-than-8%-on-Monday

The,Gas,Burns,In,The,Burner,Of,A,Kitchen,Stove

Share on FacebookShare on Twitter

Brussels (Brussels Morning) Natural gas prices in Europe rose more than 8% on Monday as the flow of Russian gas through the Yamal-Europe pipeline runs at low levels.

The rise of gas prices in Europe has pushed up energy prices, caused the collapse of British suppliers and has given rise to fears about its effects on inflation, Reuters reported Monday.

The Dutch front-month natural gas contract stood at 146 euro per MWh on Monday, nearing the record high of 155 established in October.

According to the German operator Gascade’s data, the flow of natural gas through the Yamal-Europe pipeline dropped on Friday as the Russian energy giant Gazprom started filling the second line of the Nord Stream 2 pipeline.

Two main causes

ICIS market data company noted that “the renewed drop in flows to north-west Europe along one of three main pipelines coincides with both the start of linepacking of string 2 of Nord Stream 2, as well as unseasonably cold weather in Russia.”

Natural gas flow at the Mallnow metering point dropped to roughly 370,000 kWh/h on Monday, in contrast to Saturday and Friday, when gas flow exceeded 1.2 million and 10 million kWh/h, respectively.

In December, average flow through the pipeline stood between 9 and 12 million kWh/h.

Gazprom stressed that it “supplies gas in line with the requests from consumers and in full compliance with the current contractual obligations.”

The energy company did not book transit volumes via Yamal-Europe for this month. Instead, it buys volumes at daily auctions. According to auction results, Gazprom booked 8.3 million kWh/h for January next year, when 38.4 million kWh/h was on offer.

The company also booked transit capacity of 13.168 million cubic metres per day for January via the Veľké Kapušany station on the border between Slovakia and Ukraine.

The Veľké Kapušany metering point reported flow of 89.97 million cubic metres or 953,313 MWh on Monday, noting that levels have remained stable through December.

Also on Monday, US front-month gas contracts rose by about 6% due to cold weather forecasts and the rising prices in Europe.Global natural gas prices have been setting new records over the last months as markets try to stabilise from low European reserves and soaring Asian demand, where shortages have caused blackouts in China.

Tags: Main-SliderNatural gas prices in Europe rose more than 8%pushed up energy prices
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • Health & Fitness
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • Brussels Bubble
    • Parliament
    • Commission
    • Council
  • Wider Europe
    • Member States
  • World
  • Business & Society
  • Europe With Transparency
  • Culture & Society
  • Policy Talks
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • Ambassador’s Corner
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT