The announcement of the closure of the Nord Stream pipeline boosts gas prices in Europe – El Periódico

Russian energy giant Gazprom announced on Friday that it will close the Nord Stream gas pipeline for 3 days (from August 31 to September 2), an announcement that pushed up the price of energy in Europe even more. “Maintenance is required every 1,000 hours” of operation, Gazprom said in a statement. “On August 31, 2022, the only Trent 60 gas compression unit will stop for three days for maintenance,” with the participation of German technicians from Siemens, Gazprom said. Therefore, “the transport of gas through the Nord Stream gas pipeline will be suspended for three days.” After this period, the flow of 33 million cubic meters of gas per day will be restored, according to Gazprom. The news added to the already significant increase in the price of gas in Europe, which fears that Russia will cut off the supply, causing a significant increase in the price. Consequence of the war Related news The benchmark market in Europe, the Dutch TTF, reached 257.40 euros ($258) before closing, a level not seen since March 7, in the first days of the invasion Russia from Ukraine, when it reached 345 euros ($346.50). Since Western powers imposed sanctions on Moscow, Russia has repeatedly reduced its gas deliveries to Europe. In 2021, Russia represented an average of 40% of gas imports from the European Union.