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Gas price in Europe up above $1,200 per 1,000 cubic meters

The total increase in the gas price during the day has surpassed 20%

MOSCOW, May 12. /TASS/. The price of gas in Europe exceeded $1,200 per 1,000 cubic meters during Thursday trading, according to data provided by London’s ICE.

The price of gas futures for June delivery at the TTF hub in the Netherlands went up to $1,236.3 per 1,000 cubic meters, or 114.745 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).

The total increase in the gas price during the day has surpassed 20%.

On Tuesday, May 10, the Gas Transmission System Operator of Ukraine (GTSOU) said it would shut down transit of gas to Europe via the Sokhranovka station starting May 11 due to force majeure as the company could allegedly not control the Novopskov gas compressor station in the Lugansk Region. As a result, transportation nominations would be rejected, with gas not to be accepted.

Moreover, the Russian government approved on Wednesday a list of legal entities, which are subject to retaliatory sanctions. The list contains 31 organizations from Germany, France and other European countries, as well as Singapore and the United States. Among them are particularly former European subsidiaries of Gazprom, traders, operators of underground gas storage facilities, as well as a joint venture of Gazprom and the Polish PGNiG, which owns the Polish section of the Yamal-Europe gas pipeline. Foreign energy companies blacklisted by Moscow will not be able to participate in the process of Russian gas supplies any more, Kremlin Spokesman Dmitry Peskov said, adding that restrictions against them are blocking.

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Cuban president hails Putin’s taking presidential office for another term

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Five workers wounded during Ukrainian strike on oil storage facility in Lugansk

Leonid Pasechnik also said the strike "damaged power lines, disrupting electricity supplies to nearby houses"

NATO wants 'hot war' with Russia which may destroy US, Carlson says

According to the journalist, everything that Washington does shows that it wants this war

Kiev meddling in Russia’s domestic affairs by calling Putin’s presidency illegitimate

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Thai king congratulates Putin on taking office as Russian president

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Inquiry against German Air Force chief over leaked conversation closed

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Russian embassy slams ‘unacceptable’ Berlin’s decision to ban Russian flag on May 8-9

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Expert on inaugural speech: Putin proposes equal dialogue, West will hear these signals

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US trying to destabilize situation in India ahead of general election — Russian diplomat

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Russian lawmaker sees 'scare effect' in West as Russia prepares for nuclear drills

Vladimir Chizhov insisted that the drills do not mean "the Russian side is ready or intends to use these weapons immediately"

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West should engage in dialogue with Russia — US expert

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West plotted aggression against Russia on eve of special military operation — top brass

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US intensifying efforts to find replacement for Zelensky — SVR

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Russian troops liberate two communities in Ukraine operation over past day — top brass

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Russia puts former Ukrainian lawmaker on wanted list

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Indonesian ambassador says Su-35 fighter jets contract remains in force

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West shows no will for peace, keeps pumping weapons, money into Kiev — French politician

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Appeal for Western troops posted on Ukrainian president’s website

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Pashinyan leaves for Moscow to attend summit, meet with Putin

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Ukrainian army leaving positions near Avdeyevka over Russia’s incessant gunfire — POW

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Xi Jinping arrives in Serbia on his first visit in eight years

Chinese President began his visit on the day marking the anniversary of the bombing of the Chinese embassy in Belgrade by NATO aircraft

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"Missiles hit an oil storage facility within city limits," Vladimir Rogov said

Russian diplomat accuses EU spokesman of 'inciting terrorism' with Crimean Bridge remarks

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Belgium explains absence of ambassador at Russian president’s inauguration ceremony

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FSB declassifies Hitler aide’s testimony how Red Army rescued Allies in Ardennes in 1945

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Russia hands over last RD-180 rocket engines to US under existing deal

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Aleksandar Vucic greets Chinese leader at Belgrade Airport

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