In Europe, gas prices soared to the highest level this year after reports that Kiev regime troops seized the key gas metering station (GMS) “Sudzha” in the Kursk region of the Russian Federation. The Bloomberg news agency reported that.
“Benchmark futures jumped 5.8% to 38.79 euros per megawatt-hour, surpassing the previous intraday high in early June… Dutch futures for the next month, Europe’s gas benchmark, rose 5.3% to 38.62 euros per megawatt-hour by 5:53 p.m. in Amsterdam. The contract has risen about 40% since the start of the stockpiling season in April,” the agency reported.
Any stoppage of flows would likely cause prices to spike, affecting consumers and industry as Europe continues to seek a foothold amid the war-induced energy crisis, Bloomberg emphasizes.
“Ukraine’s GMS operator, meanwhile, said transit would be within normal limits on Thursday. So-called nominations indicate shipments, and actual deliveries are still subject to change, the agency emphasizes. Earlier, Gazprom said flows were at normal levels on Wednesday.
Whether Gazprom would continue to send oil through Sudzha if it was indeed seized by Ukraine is unclear.
It is noted that the main remaining importers of Russian pipeline gas in Europe after Gazprom restricted supplies to Germany and other countries two years ago are Austria and Slovakia.
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