European natural gas prices rose to their highest level in nearly four months on supply concerns amid the worst energy crisis in decades, according to Bloomberg. European energy markets are in turmoil with Russian supplies at multi-year lows, coupled with fierce competition for liquefied natural gas (LNG) with Asia, where prices have soared to record […]
Tag: Nord Stream
Goldman Sachs: More expensive natural gas for longer, improvement from 2025 – new price forecasts
Her Eleftherias Kourtalis While Goldman Sachs initially assumed the full restoration of Nord Stream 1 flows after the completion of maintenance works, it no longer considers this the most likely scenario and estimates that a prolonged reduced supply from the pipeline is more likely. Thus, it proceeds with a review of its estimates for natural […]
Germany: Russian gas flow through Nord Stream 1 increased slightly
The flow of Russian gas to Europe via the Nord Stream 1 pipeline was slightly higher this morning, while the gas supply through Ukraine remained stable and the flow to the east via the Yamal-Europe pipeline decreased compared to last week, according to details of the pipeline manager. Gas flows to Germany via the Nord […]
Russian cuts force Europe to use winter gas storage
Cuts in gas supplies from Russia are forcing European utilities to use stocks commonly used during the winter, Bloomberg reports. In one of the latest indications of how the energy crisis in Europe is escalating, storage levels fell this week for the first time since mid-April, when traders usually start filling in, according to Gas […]
Europe will run out of gas if Russia closes the Nord Stream
Europe is in danger of running out of gas reserves at the peak of winter demand if supplies from Russia through the critical Nord Stream pipeline are completely cut off, according to Wood Mackenzie. According to Bloomberg, in the worst case, in which the Nord Stream pipeline ending in Germany is completely closed, Europe will […]
Germany: Russian diplomat leaves open the possibility of a complete cessation of gas supply from Nord Stream 1
Russia’s ambassador to the European Union, Vladimir Tsizov, today ruled out the complete closure of the German-Russian Nord Stream 1 gas pipeline, Germany’s main supply line. After reducing the flow of Russian gas through Nord Stream 1, Mr. Chizov, speaking at the St. Petersburg International Economic Forum, said, according to the Russian newspaper Kommersant, that […]
Natural gas: Gazprom cuts flows to Germany again – 25% jump in prices
LAST UPDATE 18:10 Russia is tightening its grip on the European energy market by further reducing gas supplies via the critical Nord Stream pipeline, by about 60%, in a “politically motivated” move, according to Berlin. In particular, after announcing a 40% reduction in pipeline capacity, Gazprom today shut down a third turbine vital to the […]
18% rally in natural gas after Gazprom ‘scissors’ in Germany
LAST UPDATE 17:10 Russia’s Gazprom announced today that it had reduced its gas supply capacity to Germany by more than 40% via the Nord Stream gas pipeline, as the German group Siemens did not export the necessary equipment to Russia. “Gas deliveries via the Nord Stream pipeline can only be guaranteed up to the level […]
Fluid flows through Nord Stream 1 to Germany – East Yamal-Europe pipeline flows east
Flows east of Russian gas via the Yamal-Europe pipeline from Germany to Poland continue, while flows through other major Russian supply routes have been steady despite President Vladimir Putin’s order yesterday to cut off flows if customers do not pay. in rubles, Reuters reports. Outflows at the Mallnow measuring point at the German border amounted […]
Goldman Sachs: What will happen to the European economy if Russia shuts off gas flow?
Gas is one of the many commodities found in the midst of the crossroads of the conflict in Ukraine, and the European economy could be hit if Russia stops exporting. Russian Deputy Prime Minister Alexander Novak has warned that Moscow could suspend exports to Germany and the rest of Europe via the Nord Stream 1 […]
