Russian gas supplies through Ukraine, Nord Stream unchanged on Tuesday

Business & Economy August 23, 2022, 10:25

Meanwhile, Gazprom did not rule out that gas prices in Europe in winter could exceed the record-breaking figure of $4,000 per 1,000 cubic meters

MOSCOW, August 23. /TASS/. Deliveries of Russian gas to Europe via the main export routes on August 23 may reach the level of around 42.1 mln cubic meters per day in transit through Ukraine and 33.5 mln cubic meters along the Nord Stream.

According to the GTS (Gas Transmission System) Operator of Ukraine, there were no nominations for the transit of gas from Russia through Ukraine through the Sokhranovka gas distribution station as of August 23, while they reach around 42 mln cubic meters through the Sudzha station.

At the same time, Russian gas deliveries via Nord Stream, the major route for Russian gas exports to Europe, remain at approximately 33.5 mln cubic meters per day, according to Nord Stream AG data.

European countries continue to rapidly fill their gas storage facilities in preparation for reduced Russian gas deliveries. According to Gas Infrastructure Europe data, the level of reserves in underground gas storage facilities has surpassed 77% due to purchases of liquefied natural gas at current ultra-high prices. Previously, EU countries committed to filling UGS facilities by at least 80% by the winter of 2022-2023 and by 90% by all subsequent winter periods.

The day before, gas spot prices in Europe during trading on London’s ICE surpassed $3,000 per 1,000 cubic meters for the first time since the beginning of March amid statements about the suspension of supplies via Nord Stream for three days from August 31 due to repairs of the only gas compressor unit remaining in operation.

Meanwhile, Gazprom did not rule out that gas prices in Europe in winter could exceed the record-breaking figure of $4,000 per 1,000 cubic meters.

Gazprom reported earlier that over 7.5 months of 2022, it reduced gas exports to non-CIS countries by 36.2% to 78.5 bln cubic meters.

Since July 27, the Nord Stream gas pipeline has been used at 20% of its maximum capacity due to the shutdown of several gas turbines. One of them, made in Canada by Siemens Energy, was sent to Montreal for repairs. Due to Ottawa's sanctions against Moscow, the manufacturer initially refused to return the repaired equipment to Germany, but after numerous requests from Germany, it was decided to return the turbine. On July 25, Gazprom announced the forced shutdown of another gas turbine engine at the Portovaya compressor station. Thus, only one turbine remains in working order.

Read more on the site →