Saturday, January 28, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Latest updates

Europe Gas Rises as Russian Supply Via Key Route Stays in Focus

Updates Finance by Updates Finance
July 22, 2022
in Latest updates
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Beijing’s new infrastructure binds Hong Kong to mainland

The rules of power in the animal kingdom are more sophisticated than you think

Wall Street advances, on course for weekly gains as Fed meeting looms

Breadcrumb Trail Links

  1. PMN Business

European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite shipments remaining stable for a second day.

Author of the article:

Bloomberg News

Bloomberg News

Verity Ratcliffe

A windsock indicates wind direction above a storage tank at the gas receiving compressor station of the Nord Stream 1 natural gas pipeline in Lubmin, Germany, on Monday, July 11, 2022. Russian natural gas shipments to Europe via the Nord Stream pipeline to Germany are due to stop on Monday because of planned annual maintenance.
A windsock indicates wind direction above a storage tank at the gas receiving compressor station of the Nord Stream 1 natural gas pipeline in Lubmin, Germany, on Monday, July 11, 2022. Russian natural gas shipments to Europe via the Nord Stream pipeline to Germany are due to stop on Monday because of planned annual maintenance. Photo by Krisztian Bocsi /Bloomberg

Article content

(Bloomberg) — European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite shipments remaining stable for a second day.

Article content

Russian shipments via the key Nord Stream pipeline restarted on Thursday and flows are expected to stay at about 40% of its capacity on Friday. Focus is turning to next week, with President Vladimir Putin warning earlier that shipments could decline to 20% of capacity if a turbine that’s stuck in transit isn’t received in time to replace another that’s likely to need maintenance.

The critical component was held up in transit after repairs in Canada and was still in Germany on Thursday. Supply through the biggest pipeline from Russia to the European Union has reverberated through the economy and markets for weeks. Moscow resumed shipments after a 10-day maintenance on the link ended on Thursday, but European officials still aren’t convinced that fuel will keep flowing as the crucial winter months approach.

Europe is pushing ahead with efforts to replenish its gas storage sites over the summer, and the continent needs more Russian flows to meet demand over the winter months. If Moscow continued to send gas at 40% of the pipeline’s capacity and then halted flows in October, Europe would likely run out of fuel some time in April, said Deutsche Bank AG.

Dutch front-month futures, the European benchmark, increased as much as 4.1%, and were 3.3% higher at 160.70 euros per megawatt-hour at 8:36 a.m. in Amsterdam. 



Source link

Tags: EuropefocusgasKeyrisesRouteRussianstaysSupply
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Beijing’s new infrastructure binds Hong Kong to mainland

by Updates Finance
January 27, 2023
0

A boom in infrastructure projects linking Hong Kong to the surrounding Pearl River estuary is blurring the already hazy border separating the former British colony from mainland China.Beijing,...

Read more

The rules of power in the animal kingdom are more sophisticated than you think

by Updates Finance
January 27, 2023
0

Scientists used to think power in animals played out in a tidy and simple way. Nature is a dog-eat-dog place. Rams butt heads in a thunderous spectacle, and...

Read more

Wall Street advances, on course for weekly gains as Fed meeting looms

by Updates Finance
January 27, 2023
0

Breadcrumb Trail Links PMN Business Article content NEW YORK — Wall Street advanced on Friday, nearing the end of an rocky week in which economic data and corporate...

Read more

A shortseller’s report, a diversified empire and meltdown in stock market – what we know so far in Adani vs Hindenburg saga

by Updates Finance
January 27, 2023
0

Investors in Adani Group stocks have bled approximately Rs 4 lakh crore in two trading sessions as the allegations leveled by Nat Anderson-founded forensic financial research firm -...

Read more

Biden’s Documents Drama Might Not Be Ending Anytime Soon

by Updates Finance
January 27, 2023
0

An ABC News/Ipsos poll of 532 adults conducted Jan. 20-21, before the latest batch of Biden documents was uncovered, found that 77% believed that Trump acted inappropriately in...

Read more
Next Post

How New RBI Rules Are Making Credit Cards Safer? - Paisabazaar.com

Related News

“The Bottom is the Best Time to Buy Stocks”

November 9, 2022

Allowing Shoppers to Self-Educate in the Ecommerce Era

December 21, 2022

Level Up Your Loyalty Marketing With Zero-Party Data

September 14, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Video shows Memphis police beating of Tyre Nichols
  • Nestle to invest $100 million in Colombia, says Colombia president By Reuters

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?