27.04.2022, 10:49
Gas Prices Rose to $1,300 Amid Gazprom's Decision on Poland and Bulgaria
Source: OREANDA-NEWS
OREANDA-NEWS. The price of gas in Europe at the opening of trading on the stock exchange grew by 21% and rose above $1,350 per thousand cubic meters, according to the London ICE exchange. This happened against the backdrop of news about the suspension of Russian gas supplies to Poland and Bulgaria.
The May futures price at the TTF hub in the Netherlands rose to $1,374 per thousand cubic meters, or €125 per MWh. After that, the cost of gas fell below $1250.
Gazprom warned that in case of unauthorized withdrawal of gas from Bulgaria and Poland from transit volumes, it would reduce supplies for transit by this volume.
Earlier, Gazprom Export sent a notice to Bulgargaz (Bulgaria) and PGNiG (Poland) to suspend gas supplies from April 27 until the payment for fuel in rubles. According to her, as of the end of the business day on April 26, Gazprom Export had not received payments for gas supplies in April from these companies in rubles, although both companies were promptly informed of the need for such payments in accordance with the decree of Russian President Vladimir Putin.
On April 26, Piotr Naimsky, government commissioner for strategic energy infrastructure, said that Poland would not pay for Russian gas in rubles. The official did not specify whether there is any alternative to this proposal.
In turn, the Polish Minister of Climate and Environment Anna Moscow said that Warsaw is ready to give up Russian resources and intends to call on all EU countries for such a decision. According to her, at the next EU summit, Poland will come up with a proposal to introduce quotas and fees for the use of energy from Russia.
The May futures price at the TTF hub in the Netherlands rose to $1,374 per thousand cubic meters, or €125 per MWh. After that, the cost of gas fell below $1250.
Gazprom warned that in case of unauthorized withdrawal of gas from Bulgaria and Poland from transit volumes, it would reduce supplies for transit by this volume.
Earlier, Gazprom Export sent a notice to Bulgargaz (Bulgaria) and PGNiG (Poland) to suspend gas supplies from April 27 until the payment for fuel in rubles. According to her, as of the end of the business day on April 26, Gazprom Export had not received payments for gas supplies in April from these companies in rubles, although both companies were promptly informed of the need for such payments in accordance with the decree of Russian President Vladimir Putin.
On April 26, Piotr Naimsky, government commissioner for strategic energy infrastructure, said that Poland would not pay for Russian gas in rubles. The official did not specify whether there is any alternative to this proposal.
In turn, the Polish Minister of Climate and Environment Anna Moscow said that Warsaw is ready to give up Russian resources and intends to call on all EU countries for such a decision. According to her, at the next EU summit, Poland will come up with a proposal to introduce quotas and fees for the use of energy from Russia.
Комментарии