Do you feel isolated?It has started even before completion of NS2 ! ...
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Tightening the natural gas shortage in the EU, Gazprom has cut by 50% gas shipments through the Yamal pipeline to Poland and stopped pumping gas into underground storage facilities in Austria, Germany and the Netherlands. With EU storage at only 57.5% of normal mid-summer levels, unfulfilled demand for gas is 16 billion cubic meters, Interfax reports from Moscow, citing data of the Gas Infrastructure Europe portal.
Prices on the European gas market hit $517 per 1,000 cubic meters on Monday. This is three times the level of $170 that Gazprom used in January to calculate its 2021 budget. Energy analysts say that Gazprom is forcing up the EU gas price to pressure regulators to commission the Nord Stream 2 gas pipeline this fall.
Ukraine’s gas pipeline operator earned $1 billion in the first half of this year, largely by pumping Russian gas to Europe. Profits were $208 million, reports the Gas Transmission System Operator of Ukraine. Profits were recorded despite $371 million in unpaid debts by domestic gas distributors. About 80% of this debt is owed by Regional Gas Company, owned by Dmytro Firtash, calculates Ukrainska Pravda. The Operator cannot shut off gas to Firtash’s company as it would shut off gas to most of Ukraine’s households. Threatening this situation, Gazprom’s contract with the Operator ends in 2024.