Gazprom Keeps Exports to Europe Tight in August

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Russia’s Gazprom has kept firm on its strategy to keep its natural gas flows to Europe restricted, as volumes in August have shown. That hasn’t kept the EU from refilling its storage facilities, with stocks now 74.7% full, getting closer to the EU’s filling requirement of at least 80% by Nov. 1. But it has guaranteed a sharp rise in prices, with the front-month September contract on the Dutch TTF hub trading above €240 per megawatt hours ($71.60 per million Btu) at the start of the week.

Gas Supply, Gas Pipelines, Sanctions, Gas Prices, Ukraine Crisis, NOCs
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