empty
06.09.2022 11:27 PM
The cost of gas in Europe falls, but the pressure does not subside

This image is no longer relevant

The cost of gas in Europe began to fall sharply after taking off on Monday. So, on Tuesday, September 6, the price of blue fuel fell by about 12% and by the time this material is being prepared, it is below $2,220 per 1,000 cubic meters.

The market may obviously breathe out after the big news about the complete halt of gas supplies from Russia to Europe via the Nord Stream pipeline, as fresh data on Europe's buildup of gas reserves gave the region hope to get through the coming winter safely. Thus, the filling rate of European storage facilities as of September 4 increased significantly, the overall level of occupancy has already reached more than 81.9%. Almost 90 billion cubic meters of gas have already been pumped into the underground storage facilities of the EU countries.

Ahead it became known that Gazprom completely stopped the pumping of gas to Europe through the Nord Stream pipeline for an indefinite period, explaining this decision by identified technical malfunctions. True, Siemens Energy itself did not see a technical reason for stopping the operation of the gas pipeline. Identified leaks, according to the company's management, usually do not affect the operation of the turbine and may well be eliminated on the spot.

Initially, it was announced that the operation of Nord Stream would be suspended for only three days to repair the only working gas pumping unit at the Portovaya compressor station. Gas transit was completely stopped on August 31 and was supposed to resume on September 2.

The downtime of Nord Stream deprives Europe of up to 33 million cubic meters per day, or approximately 1 billion cubic meters of gas per month. These losses add up to the previous reduction in the supply of raw materials from Russia via Nord Stream and other routes, by at least 8-9 billion cubic meters per month.

Amid such news, October futures on the TTF hub in the Netherlands jumped on the charts by 30% on September 5, almost reaching the level of $2,900 per 1,000 cubic meters.

The high level of filling of gas storages is not a sufficient reason for a strong decline in exchange prices for gas, although today it forms some retreat from recent peak values. Obviously, in the event of a severe cooling in the region this winter, much more blue fuel for heating residential and non-residential premises in Europe may be required. That is why gas quotes will continue to be volatile.

The news that the European Commission has developed two price ceilings for Russian gas may also contribute to lower gas prices today.

Meanwhile, Turkish President Recep Tayyip Erdogan expressed an interesting opinion about this whole story, speaking at a press conference. He stated that the gas crisis in Europe is a consequence of sanctions and the attitude of the European Union towards Russia. According to Erdogan, it was Europe's attitude towards the Russian president and the application of sanctions that caused the latter's response, which formed the current difficult situation in the region ahead of winter. The Turkish leader also suggested that very serious problems await Europe in the coming cold months.

Andreeva Natalya,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Índices em queda, aumento da Tesla e colapso do Julius Baer: um dia de fortes contrastes nos mercados

Os índices de ações de referência da RGE estão caindo: * Dow -0.27%, * S&P 500 -0.39%, * Nasdaq -0.38% A Tesla está subindo após Musk anunciar sua disposição

18:00 2025-05-21 UTC+2

Resumo de notícias do mercado dos EUA para 21 de maio

Após uma impressionante valorização de US$ 8,6 trilhões, o mercado dos EUA começa a dar sinais de esgotamento. Apesar dos indicadores macroeconômicos negativos e do recente rebaixamento da classificação

Ekaterina Kiseleva 17:47 2025-05-21 UTC+2

Mercado tem ganhos modestos: Dow +0,32%, Nasdaq +0,02%, mas Novavax dispara após aprovação de vacina

Dow sobe 0,32%, S&P 500 sobe 0,09%, Nasdaq sobe 0,02% TXNM Energy sobe após acordo com a Blackstone Novavax salta após aprovação da vacina contra o coronavírus pela FDA Ações

Thomas Frank 17:42 2025-05-20 UTC+2

Resumo de notícias do mercado dos EUA para 20 de maio

Apesar do rebaixamento da classificação de crédito dos EUA e da alta nos rendimentos dos Treasuries, os investidores de varejo seguem como compradores ativos de ações. As compras líquidas alcançaram

Ekaterina Kiseleva 17:30 2025-05-20 UTC+2

O consumidor americano está desacelerando: O que a Target, a Lowe's e o Walmart estão dizendo

Os resultados estão a caminho: Target, Lowe's, Home Depot Walmart alerta para o aumento dos preços devido aos direitos aduaneiros Crescimento das vendas a retalho nos EUA abranda em abril

Thomas Frank 17:12 2025-05-19 UTC+2

Resumo de notícias do mercado dos EUA para 19 de maio

Apesar das declarações encorajadoras sobre o progresso nas negociações e das visitas diplomáticas de alto nível, as previsões para o S&P 500 permanecem restritas. Os analistas apontam para a falta

Ekaterina Kiseleva 17:09 2025-05-19 UTC+2

Consumo nos EUA perde força

Na próxima semana, os olhos de Wall Street estarão voltados para os balanços das maiores redes de varejo dos Estados Unidos — indicadores-chave para avaliar como as mudanças no ambiente

15:50 2025-05-19 UTC+2

USD: Fraqueza Visível, Força Escondida — O Jogo Continua

Uma nova fase começa no mercado cambial, em que fundamentos econômicos e estratégias geopolíticas passam a moldar a taxa de câmbio do dólar americano. A administração dos EUA está

Anna Zotova 20:23 2025-05-16 UTC+2

Resumo de notícias do mercado dos EUA para 16 de maio

As ações da Micron Technology continuam sua trajetória de recuperação, impulsionadas por sinais técnicos positivos. Investidores estão de olho nas metas de preço de 117,34 e 137,12, o que torna

Ekaterina Kiseleva 16:25 2025-05-16 UTC+2

O STOXX 600 atinge os picos: para onde está indo o crescimento e o que aguarda os investidores

Cisco sobe após elevar suas previsões para o ano fiscal UnitedHealth cai com a notícia de que enfrenta uma investigação criminal O índice European STOXX 600 está pronto para

Thomas Frank 15:30 2025-05-16 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.