Natural gas "burns" Europe: Its price exceeds 200 euros per megawatt hour

For the first time in history, the price of natural gas in Europe exceeded 200 euros per megawatt hour.

The conflict in Ukraine today, Friday March 4, pushed the price of gas to a new record in Europe. Likewise, supplies from Russia could be affected by possible economic sanctions directed directly at the energy sector that Moscow “runs”.

Fears of disrupting Russian exports, which account for 40 percent of Europe’s gas imports, pushed the European market benchmark, the Dutch TTF, to a new record high of 213,895 euros per megawatt-hour (MWh).

Gazprom: the flow of Russian gas through Ukraine to Europe continues normally

However, Gazprom earlier announced that the flow of gas to Europe, via Ukraine, continues as normal. Orders amounted to 109.5 million cubic meters on March 4, based on the previous day’s levels, the Russian company added in a statement.

Westward gas flows through the Yamal-Europe gas pipeline have stopped today, while Gazprom offers for additional gas transit through Ukraine are high, according to data from pipeline operators.

Gas flows to Germany through the Malnoff measurement point were around 101,119 kWh this morning and around 13.5 million kWh/h overnight.

Gazprom resumed gas supply to the west via the Yamal-Europe pipeline to Germany from Poland yesterday, Thursday March 3, and closed gas transit facilities of 7.8 million kWh/ha via the pipeline from today (4/ 3) in the morning until Saturday (5). /3) in the morning.

Russian President Vladimir Putin has said Russia will continue to supply gas to world markets, even though the United States and its European allies are tightening sanctions against Moscow following Russia’s invasion of Ukraine.

Mitsotakis: New subsidy for electricity and gas bills

In an interview broadcast Thursday (3/3) on Alpha, Greek Prime Minister Kyriakos Mitsotakis stated that he will do everything in his power to support households and businesses, given the rise in oil prices and the gas.

Mr. Mitsotakis noted that everyone understands that this is an imported financial problem. “Global problem and precision, a global phenomenon. We will suffer the consequences in Greece. I will do my best to support households and businesses. “When we talk about this kind of disorder, we cannot face it alone,” he said.

He added, in fact, that it focuses mainly on subsidizing electricity and gas bills. “We will continue to do so,” he said, referring to economic and energy issues.

source: iefi merida