Gas prices in Europe fell 4.5 percent against the background of Gazprom’s solution to increase deliveries from Russia. This is evidenced by the data of the London Stock Exchange ICE.
Gas cost dropped below $ 900 per thousand cubic meters. At the time of writing news, the price has been restored somewhat and reached $ 914 per thousand cubic meters. The cost of gas decreased after November 9 transit to Germany on the Yamal-Europe pipeline increased by 2.5 times compared with the evening of November 8, to more than 850 thousand cubic meters per hour.
Earlier in October, Russian President Vladimir Putin instructed Gazprom to start filling out European storage facilities after filling out Russian. The head of the company Alexey Miller said that Gazprom will be able to supply additional volumes of gas to Europe on November 8. But on November 8, gas pumping in the “Yamal-Europe” pipeline stopped.
Press Secretary of the President Dmitry Peskov on November 8 stated that the Kremlin does not see signs of violation of Putin’s instructions from Gazprom. He stressed that the clarifications should be treated directly to the company itself. Due to concerns that Russia will not be able to provide additional supplies, gas prices in Europe on November 8 rose by almost 10 percent.