Reducing Russian gas supplies to Europe has occurred due to a reduction in the number of customer requests for fuel, such reasons revealed the Bloomberg edition.
Usually Gazprom and its clients determine the minimum volume that should be supplied and paid for each year by a predetermined formula. The mechanism makes it possible to obtain gas in much lower prices than on stock exchanges.
According to the sources, some buyers have exhausted their limits for deliveries at prices laid down in long-term contracts. As a result, they are forced to pay extra volumes at record market prices, not many want to do it. At the same time, European companies confirm that Gazprom has fulfilled its obligations on deliveries.
This week gas prices in Europe increased by about 20 percent, since the reduction in supplies from Russia has strengthened concerns about the exacerbation of the winter energy crisis.
Gas selection from European repositations December 21 turned out to be the maximum since the beginning of the heating season. On the same day, the cost of gas in Europe for the first time in history exceeded 2 thousand dollars per thousand cubic meters. The next day, December 22, at the maximum it rose to $ 2190.
Such a dynamic is observed against the background of termination of Russian gas supplies on the Yamal – Europe gas pipeline. Gazprom began to reduce transit on December 17th.