The gas price closed despite the Nord Stream being closed for maintenance and awaiting the EU’s decision on decoupling and the price cap. In addition, industry operators in Europe expect warehouses to be filled ahead of time. In Amsterdam, the price is just under 240 euros (239.9 euros) per megawatt hour, down 9.6% after hitting a daily low of 232 euros (-12%). Prices also fell in London at 458 pence on the Mmbtu (-12.5%).
The United States will look for ways to “increase gas supplies in Europe or help European countries upgrade other sources of energy,” The US National Security Council spokesman said: John Kirby, He accused Russia of yet another attempt to “weaponize energy” by shutting down Nord Stream 1.
Russia once again cut off gas supplies to Europe Nord Stream Pipeline: This was announced by Entsog, the European association of gas transmission system operators. The Russian gas giant Gazprom had previously announced the three-day stop combined with work on a compression station in northern Germany, from which the gas will then be exported to other European countries.
“Gazprom announced the delivery of gas volumes of around 20 million cubic meters for the day, compared to daily deliveries of around 27 million cubic meters in recent days,” Eni said after the Nord Stream gas pipeline stopped. “Eni – reads the notice – reserves the right to provide updates if there are other significant changes in the delivery volumes communicated by Gazprom.”
Europe is working on the energy emergency for the gas price, while Gazprom confirms that the Nord Stream gas pipeline will be halted for maintenance from today, August 31 to September 3. Tass reports it. “Energy prices are breaking record after record. The consequences for households and companies are not sustainable. We must tackle this problem together and urgently,” tweeted EU Commission President Ursula von der Leyen during her speech at the Baltic Sea Energy Security Summit in Copenhagen Announcement that the European Union has reached an average of 80% of storage capacity, the amount we have agreed on for this year”.
According to a spokesman for the Commission, the “emergency” measures announced by the European Commission to deal with the price crisis on the energy market will see the light of day “within the next few weeks”. “We do not rule out that the proposal can be submitted to the Extraordinary Council”, he specified, stressing that “the Member States have strong competences in this matter, so all positions must be examined”. As for the structural reforms of the electricity market, we will go “early next year”.
ANSA agency
The question of decoupling the price of gas from the price of electricity has been on the EU table for about a year. (HAND)
With Europe stepping on the gas and setting the Council of Energy Ministers for September 9th, gas prices are starting to fall and the Italian government is cautiously optimistic about the EU price cap proposal after Germany opens up.